Cutting back on mobile phone costs

Cutting back on a variety of costs has become a part of everyday life for many people in the current financial climate, as many are keen to try and save money on their outgoings because of financial difficulties and the risk of job losses. Read more

Tags: Mobile phone, Subscriber Identity Module, Technology, t-mobile, mobile phones, Wireless

Camelot wants to expand abilities of terminals

It has been announced that the lottery giant Camelot is looking to expand the capabilities of its lottery ticket terminals, and wants consumers to be able to use the terminals to top up mobile phones and make bill payments in addition to purchasing their lottery tickets. Read more

Tags: National Lottery Commission, magnetic swipe, banking giants santander, lottery operator, Media and Sport, Mobile phone, Camelot, Department for Culture

Millions of Brits miss credit card payments

Approximately 5.5 million credit card customers missed payments in the last year according to research from Moneysupermarket.com.

The findings revealed that 13 per cent of spenders skipped a bill payment while credit card payments are the most likely to be missed with seven per cent going unpaid.

Steve Willey, head of credit cards at moneysupermarket.com, said: “Close to three million credit card holders will have paid out over £35 million between them in penalty fees.”

“But it is the damage to their credit rating that is more costly to them and to the other 2.5 million consumers who have missed payments elsewhere,” he added.

Credit card bills are the most likely debts to be missed by those aged 25, while the 25 and 34 age group also proved the worst at repaying with 12 per cent of respondents not keeping up to date.

The 18 to 24 age-group are most likely to miss mobile phone payments.

Meanwhile Moneysupermarket.com has also warned that specialist insurers can be the most expensive insurance agents.

Tags: Mobile phone, Credit Cards, percentage, Credit card holders, Steve Willey, bill, group

Man bag risk

An increasing number of men are carrying ‘man bags’ around with them on a daily basis and may be running the risk of losing a host of valuable items.

Women are regularly warned about the dangers of carrying too much in their hand bags and not being insured but it seems that men are taking an even greater risk.

Research by LV= General Insurance shows that the average ‘man bag’ carrier has more valuable items on him than a woman with a hand bag does.

Men’s bags tend to hold contents worth over £60 more than the average hand bag and this could prove costly if the items are not properly insured.

“Man-bags have quickly become a mainstream accessory, helping men lug around their ever more valuable stash of gadgets and personal effects,” said Andrew Beard from LV=.

“British men and women now routinely carry around more than £10 billion worth of possessions – not to mention the cost of the bags themselves and any cash carried – so failure to insure your bag and its contents away from home could prove a costly oversight.”

Around 13.8 million British men now regularly carry a ‘man bag’, along with contents worth an estimated £4.4 billion.

Tags: failure, basis, Bag, LV= General, cash, Mobile phone