Hidden credit card charges for travel tickets to be banned
Travel companies have been ordered to end the use of hidden surcharges for passengers paying by credit and debit cards.Potential airline, ferry and rail passengers typically have to click through four to six pages of an online booking before the charge is added to the price. Now the Office of Fair Trading (OFT) has ordered [...]
July 8, 2011
Tags: banks, borrowing, credit cards, finances, Loan calculator Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Finance, Loans Calculators, Uncategorized 
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Money worries during credit crunch linked to rise in depression
The UK’s economic problems may be fuelling a rise in health depression in England, it has been suggested. Prescriptions for anti-depressant drugs such as Prozac rose by more than 40% over the past four years new data shows. GPs and charities said they were being contacted increasingly by people struggling with debt and job worries. [...]
April 13, 2011
Tags: borrowing, consolidate debt loans, credit cards, Credit Crunch, financial services, home loans, loans rates, refinancing rates Posted in: Bankrupcy, Credit Crunch, Debt Consolidation, Debt Management, Loans Calculators, Uncategorized No Comments
Credit card borrower tortured by MBNA lender says judge
The MBNA bank has been accused by a High Court judge of “torturing” a customer with repeated phone calls demanding he repay his credit card. Keith Harrison had his debt of £20,270 written off by the judge, Nicholas Chambers QC, at Mold in North Wales. The judge denounced the tactics that MBNA and its debt [...]
March 9, 2011
Tags: bank lending, borrowing, consolidate debt loans, credit cards, Credit Crunch, debt management plans, Lenders Posted in: Bankrupcy, Borrowing Costs, Credit Cards, Credit Crunch, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized One Comment
Credit card defaults rise to more than £1 billion according to the Bank of England
Credit card holders are struggling to keep up with their debts as figures show defaults rose to more than £1 billion. Coincidence on not compared to the Loans Calculator’s story yesterday: Credit cards do not count as spending young adults surveyed apparently UK banks wrote off £1.18 billion worth of credit card debt during the [...]
March 8, 2011
Tags: bad debts, borrowing, consolidate debt loans, credit cards, Credit Crunch, debt management plans, personal loans Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Debt Consolidation, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized No Comments
Credit cards do not count as spending young adults surveyed
A staggering one third of young adults in the UK think buying something on a credit card does not count as spending money a bank survey has found. A Barclays’ poll of 1,250 people aged 16 to 24 found 34% regularly ran out of money. Only 4% of those surveyed could remember receiving financial advice [...]
March 7, 2011
Tags: banks, borrowing, credit cards, Credit Crunch, debt management plans, Loan calculator, loans, personal loans Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Lenders, Loans Calculators, Uncategorized No Comments
Loans lenders make profits from borrowers to pay for bank crash losses
Credit card charges are at their highest rates for 13 years, margins on loans are at an all time high and interest rates paid on savings is at an all-time low – all helping the major banks to bolster the profitability of their high-street banking businesses. Last week Barclays reported a 39% rise in profits [...]
February 24, 2011
Tags: bank lending, banks, borrowing, credit cards, Credit Crunch, Interest Rates, Lenders Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Interest Rates, Lenders, Loans Calculators, Uncategorized No Comments
Banks trying to hide chip and pin flaw
A Cambridge University professor has accused the bank cards industry of making a ”very nasty attempt at censorship” over a flaw in chip and PIN technology. Instead of trying to solve the problem, the UK Cards Association (UKCA), which represents the country’s biggest banks, wrote to the university to try to remove the online publication [...]
February 22, 2011
Tags: banks, credit cards, Credit Crunch, Lenders, Loan calculator Posted in: Credit Cards, Debt Management, Lenders, Loans Calculators, Uncategorized No Comments
Mastercard profits rise 41% on growing credit card use
An increase in consumer spending has helped lift fourth quarter profits at Mastercard by 41%. The credit card company said that activity in the US was particularly encouraging, with credit card spending increasing for the first time since mid-2008. Net profits reached £255 million in the last quarter, compared with £183 million in the same [...]
February 14, 2011
Tags: banks, borrowing, credit cards, Credit Crunch, Loan calculator, UK loans rates Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Lenders, Loans Calculators, Uncategorized 2 Comments
How to play the credit card companies at thier own game
Loans calculator’s last post- credit card company changes at http://www.loanscalculators.com/2011/02/credit-cards-companies-change-uk-debts-market.html detailed changes that the credit card companies are applying to the UK loans market. Whilst the changes come at a cost to providers and they may seek to regain it elsewhere- there are still some very attractive offers. For instance, you can get a 0% [...]
February 7, 2011
Tags: borrowing, credit cards, Credit Crunch, Interest Rates, Loan calculator, sub prime loans Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Interest Rates, Loans Calculators, Uncategorized 2 Comments
Credit cards companies change UK debts market
Credit card companies are progressively tightening up their acceptance criteria for customers over the course of the last four or five years. “Quality lending” is very much their focus and this has developed into a three tier market for consumers looking for a credit card. * If you have a good credit rating you can [...]
February 4, 2011
Tags: borrowing, credit cards, Credit Crunch, Loan calculator, sub prime loans, UK loans rates Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Lenders, Loans Calculators, Uncategorized 2 Comments
