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 
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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
Banks challenge PPI compensation rules in High Court
The Financial Services Authority (FSA) is being challenged in the High Court over compensation for the mis-selling of payment protection insurance (PPI). The UK’s banks say new FSA rules are “wrong in law” because they are retrospective. They require firms to review past sales, which could lead to compensation worth £2.7bn being paid to 2.75 [...]
January 28, 2011
Tags: banks, borrowing, credit cards, Credit Crunch, Loan calculator, loans, UK loans rates Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized 3 Comments
Debts- women are better at asking for money help than men
Men are less likely to seek help for spiralling debts than women – which is why they face a greater risk of bankruptcy. Women contacted two debt charities for advice in greater numbers than men last year, figures have shown. But single men have built up greater debts than women on their own, the data [...]
January 25, 2011
Tags: bad debts, Bankrupcy, borrowing, credit cards, Credit Crunch, debt management plans, finances, Loan calculator Posted in: Bankrupcy, Credit Cards, Credit Crunch, Debt Management, Loans Calculators, Uncategorized 5 Comments
Cost of credit cards and loans to rise soon according to accountants
UK borrowers may soon have to pay hundreds of pounds more to cover the cost of credit card bills and loans an accountancy firm has predicted. Interest rates on unsecured debt will rise by 2%-3% in the coming three years, PricewaterhouseCoopers (PwC) believes. This would add £1,800 a year by 2015 to the typical household’s [...]
January 20, 2011
Tags: banks, borrowing, credit cards, Credit Crunch, Debt Consolidation, debt management plans, Interest Rates Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized 2 Comments
Debts- do not delay act today- don’t behave like an ostrich
If you have debts- please don’t delay facing them. Compound interest and rising charges will cost you dearly if you do. There are an estimated 961,000 individuals in the UK struggling with debt, according to R3, the Association of Business Recovery professionals, The boom years saw cheap credit become widely available and enabled many people [...]
January 10, 2011
Tags: bad debts, consolidate debt loans, credit cards, Credit Crunch, debt management plans, Loan calculator, loans Posted in: Credit Crunch, Debt Consolidation, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized 3 Comments
Ministers suggest donating to charity at your cash machine
People could give to charity every time they use bank cards in shops or at cash machines, the government has suggested. People could also be prompted to give money when they fill in tax returns, or apply for passports and driving licences, according to proposals. The proposals are set out in a government paper calling [...]
January 5, 2011
Tags: cash machines, credit cards, Credit Crunch, Loan calculator, uk recession Posted in: Credit Crunch, Loans Calculators, Uncategorized 2 Comments
UK household finances still stretched official survey finds
UK households are still struggling financially, an official survey has found. The annual poll of almost 2,000 homes for the Bank of England found more than half struggled to meet payments for credit card or other unsecured debts. About 22% of people said they were put off spending because of concern that it was becoming [...]
December 21, 2010
Tags: Bank of England, consolidate debt loans, credit cards, Credit Crunch, Interest Rates, recession Posted in: Bank of England, Credit Crunch, Lenders, Loans Calculators, Uncategorized 2 Comments
