Understanding Your Credit Rating

A lender is not under any obligation to approve credit for you or to give you a loan. When you apply for credit, lenders look at many different factors in order to determine if you are a good risk to repay. It is important to have an income and you will have to supply proof of being employed. In addition to assessing your income and your existing payments, lenders also look at your credit rating. This alone is weighted heavily in the approval or denial of credit. Read more

Tags: period of time, religious affiliation, personal finance, credit reports, credit application, experian, equifax, identity theft

Consumer wasting money by failing to switch credit cards

It has been reported that many consumers in the UK are simply wasting their money and paying far more than they need to on their borrowing, simply because they haven’t taken the time or made the effort to switch their credit card to a more suitable and affordable one. Read more

Tags: credit card debt, tighter credit conditions, New Year period, switch credit cards, balance transfers

Fifty Percent of UK Shoppers Don’t Shop Online

According to a recent survey of the shopping preferences of UK consumers, over half of those surveyed say they are fearful of shopping online because they have to enter their credit card details on Internet shopping sites. Read more

Tags: internet security, Visa, percentage, privacy policy, credit card details, Don't Shop, Verified

National Savings & Investments sees record deposit levels

According to a recent report the level of savings being deposited into National Savings & Investments by consumers in the UK has hit record levels, and more and more worried consumers look for a safe place in which to place their hard earned cash. Read more

Tags: National, National Savings & Investments, Banking, investments, savings accounts, National Savings, money

PM – financial system needs to be regulated through five core principles

The Prime Minister, Gordon Brown, has recently explained why there is such a dire need to look at how the financial industry is regulated in the UK, and to address the issue of stricter regulation not just in Britain but also in other countries so that the needs of the future can be met. Read more

Tags: fact, global economy, International Monetary Fund, bank industry, need, bank, financial system

Homebuyers may have to put down 15 percent of property value

It has been revealed that the homebuyers of the future in the UK may have to put down a deposit of at least 15 percent of the property value, which means that an increasing number of people may find themselves priced out of the market because they do not have the deposit level that is being demanded. Read more

Tags: 15% deposit mortgages, Mortgages, Financial Services Authority, low deposit mortgages, no deposit mortgages

Online shopping avoided by more than 50 percent of UK shoppers

Whilst the Internet has changed our lives in many ways over the years, enabling many to enjoy convenience, ease, speed, and flexibility in many situations, it has been revealed that over half of the consumers in the UK actually avoid shopping online due to concern over the risks of shopping in this way. Read more

Tags: Christmas and holiday season, shopping, card fraud, main reason, shopping online, reason, Debit card

Credit card summary boxes will be easier to understand for consumers

From June of this year credit card applicants and customers should find that the credit card summary boxes on the application forms and marketing materials of credit card providers is far easier to understand. Read more

Tags: consumer, Payment systems, credit card summary box, Credit Cards, layout, shop, industry body association, Marketing

Card fraud rife despite Chip and Pin

A few years ago the nation was introduced to Chip and Pin technology which was a new type of technology that had been designed to increase security for plastic card users and to cut down on the rising level of card fraud that was being seen across the country. Read more

Tags: credit card fraud, country uses chip, fraud, chip and pin, United Kingdom, something, internet, place

Ban on age discrimination could cost drivers and travellers

According to a recent report both drivers and holidaymakers could find that the cost of getting insurance will soar as a result of a government initiative to try and ban age discrimination in these industries. Read more

Tags: Association of British Insurers, travel insurance, government, respect, car insurance, whilst, cost, holidaymakers

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