10 Aug, 2007
The massive rise in personal debt in the UK is set to place many people under the glare of bankruptcy, and similar uncomfortable situations. While the main reason why people will be pushed into trouble will be the cost of homes and mortgages, credit cards also have a big part to play in the current situation. It is essential that you learn from a very early age that credit cards need to be respected, and are not just a bottomless pits of money.
Here are 3 simple ways to keep your credit card balances down to a minimum :-
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3 Jul, 2007
It seems almost inevitable that Thursday’s meeting of the Bank of England committee will sanction a further quarter percent rise in the UK base rate. Recent comments by some members of the committee have led many to believe that a move upwards is almost certain, a view further strengthened by recent news confirming that property prices have risen again, and inflation is still fairly strong.
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4 Jun, 2007
As we move into June and approach what many expect to be another rise in interest rates, the news from the high street seems to be indicating that recent rate hikes may finally be having some effect.
Even though the figures were effected by wet weather throughout the month of May, the fall of 1.8% compared with May 2006 is a welcome relief to the Bank of England. So have interest rates now peaked in the short term?
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28 May, 2007
For many years we have seen consumers place great trust in the so called “Best Buy†tables in many of the financial magazines. While they do offer a summary of the best offers available at the time, many in the industry have great reservations. Do all companies have the same access to these lists? Maybe not….
Insiders in the industry claim that :-
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27 May, 2007
A recent report into the UK Credit Card industry has shown a sharp fall in profitability for the credit card providers, many of whom have been hit by bad debt provisions. It appears that 2006 was a bad year for the industry with the profit per card falling 40% to “just†£16 in the UK.
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23 May, 2007
In a move which has sparked outrage among consumer groups, Barclaycard are considering the introduction of a £20 annual charge for customers who “do not use their cards enoughâ€. The UK is currently in the grip of a personal debt nightmare, with IVAs and bankruptcies on the up, and this move (sure to be followed by competitors) will worsen the situation.
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