The Money Stop » credit card debt

Credit card debts soaring amongst pensioners

Reno — Thu, 16 Sep 2010 14:47:49 +0000

It has been reported recently that credit card debt amongst pensioners has been soaring, with struggling pensioners sitting on £1.1 billion worth of credit card debt. Financial problems amongst many pensioners have increased as a result of soaring inflation coupled with minimal rates of interest being paid on their life savings. Figures were released recently by [...]

Credit card debts soaring amongst pensioners is a post from: The Money Stop

Nationwide pleased about BIS decision

admin — Tue, 15 Dec 2009 07:22:57 +0000

The credit card industry in the UK has been at the centre of a major crackdown recently, with government officials and regulators looking at ways to make things fairer for the consumer when it comes to credit card repayments. Recent proposals from the government were put forward to the Department for Business Innovation and Skills, [...]

Nationwide pleased about BIS decision is a post from: The Money Stop

Some cardholders could spend more than a lifetime paying their credit card debt

admin — Fri, 07 Aug 2009 08:39:56 +0000

Concerns have been expressed recently that some credit card holders who are customers of the credit card giant Barclaycard could end up spending more than their lifetime trying to repay their credit card balance, after the credit card company announced that it was planning to reduce the minimum level of repayment that it was asking [...]

Some cardholders could spend more than a lifetime paying their credit card debt is a post from: The Money Stop

Many people putting their overdraft debt onto their credit cards

admin — Sat, 06 Jun 2009 08:54:03 +0000

It has been claimed that many people are now turning to credit cards to get rid of their overdraft debt, with many putting their costly overdraft debt onto low interest or interest free credit cards in order to try and save some money on interest. Industry experts have said that there continues to be an increase [...]

Many people putting their overdraft debt onto their credit cards is a post from: The Money Stop

Consumers advised to pay credit card debt and not save

admin — Fri, 29 May 2009 08:00:35 +0000

In the current economic and financial climate, with the recession threatening the jobs of many people, it is not surprising that many people decide to put every spare penny into savings in the event that they should find themselves short of cash or experience a drop in income. However, industry officials are warning that with [...]

Consumers advised to pay credit card debt and not save is a post from: The Money Stop

Consumer wasting money by failing to switch credit cards

admin — Mon, 13 Apr 2009 08:47:48 +0000

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. Whilst some people may have tried [...]

Consumer wasting money by failing to switch credit cards is a post from: The Money Stop

Debt management firms warned by government

admin — Mon, 16 Mar 2009 08:45:02 +0000

Officials from the government have been warning debt management firms to stop misleading consumers with regards to getting their debts written off. The warning was issued to companies that run adverts advising consumers that a large portion of their debts could be written off, but government officials are concerned about misleading information relating to the [...]

Debt management firms warned by government is a post from: The Money Stop

“Shop around online” for discounts, advises expert

admin — Sat, 03 May 2008 13:18:23 +0000

“Shop around online” for discounts, advises expert is a post from: The Money Stop

Millions wasted on credit card debt payments

admin — Thu, 29 Nov 2007 13:18:29 +0000

Millions wasted on credit card debt payments is a post from: The Money Stop