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: balance transfers, tighter credit conditions, Business Finance, switch credit cards, festive season, New Year period, credit card debt, interest

Consumers looking to remortgage could experience problems

With lenders raising the borrowing costs on their standard variable rate interest mortgages, and many people due to come of cheap mortgage deals, there are many homeowners that may be thinking about remortgaging in order to ensure a more affordable deal as their existing mortgage deal draws to an end. However, some industry officials have said that many of those looking to remortgage could experience real difficulties. Read more

Tags: uncertainty, bank, Interest rate stays, interest mortgages, remortgage, Insurance, tighter credit conditions, future interest rate

Payday loans becoming more popular what hard up borrowers

In the past many people that were hard up and needed to raise some extra cash opted for a credit card or a loan. However, for many consumers these lines have credit have dried up over recent months, with the global credit crunch resulting in far tighter credit conditions that have left many would be borrowers out in the cold. This means that many have had to seek other ways of raising money, and this is reflected in figures that show an increase in the take up of payday loans. Read more

Tags: loan, card, tighter credit conditions, payday loans, limit, doorstep lenders, credit, doorstep