UreLife promotes “earn before you spend” mentality
April 19, 2008 by admin
Filed under News, News-Credit-Cards
Consumers should be careful with their finances and manage their money sensibly during the current credit crisis, advises UreLife.
The Urelife card, which combines prepay Visa debit with proof of age and a colour photo of the cardholder, encourages an “earn before you spend” mentality, according to Mark Dalton, a spokesperson for the company.
Since the market is moving away from credit facilities, consumers should be looking to set a monthly budget which they do not exceed.
“Increasingly, people have been maxing out their credit cards and the prepay debit card is the ideal product for people who want to take full responsibility for their finances,” Mr Dalton comments.
Credit Action recently said that although credit card spending is still a “very popular” form of borrowing, the growth rate has slowed over the past year.
This is partly due to banks tightening their lending criteria, however it also suggested that consumers are becoming more aware of the importance of managing their finances in a sensible way.
Credit card users ‘want online services’
April 11, 2008 by admin
Filed under News, News-Credit-Cards
Most credit card users want the option of managing their account online, although it is not a key consideration when choosing a credit card.
Eighty per cent of respondents in a survey conducted by consumer research group Global Reviews said they would research cards online and 68 per cent said they would like to be able to manage their cards through the internet.
However only 40 per cent of those surveyed said being able to manage their cards online was an important consideration when choosing a card.
“As household budgets tighten across the UK, many credit card customers will start to notice the rates they have been paying on their credit cards and begin to look around for better deals,” Adam Goodvach, director of Global Reviews, told the Press Association.
Consumers using their credit or debit cards for online shopping were recently warned that their card details may not be as secure as expected. A test conducted by security consultancy SecureTest found that UK online businesses make “fundamental flaws” when handling their customers’ information.
