Millions failing to pay their credit card bills, says report

Saturday, February 12th, 2011

A new report by finance price comparison website moneysupermarket.com has revealed that over eight million people in the UK failed to pay their regular monthly bills during 2010. These missed payments are putting their credit profile at risk, so that it will be more difficult to obtain acceptance for credit ...

Surge in credit card use reported for January

Sunday, February 6th, 2011

Research by the Post Office has revealed that consumers in the UK spent more on their credit cards in January to get them through the month, especially as many salaries had to be stretched over a six-week period with people being paid earlier in December. It was found that over ...

A quarter of Brits rejected for credit cards last year

Monday, January 31st, 2011

A new survey has found that a quarter of Britons who have applied for a credit card or loan during the past year have been rejected. According to moneysupermarket.com, around 25 per cent of people who applied for one of the products during 2010 had their application turned ...

Credit card firms found to provide misleading information

Tuesday, January 25th, 2011

A consumer watchdog has claimed that credit card companies are regularly giving clients false or misleading information when they call to make a claim inquiry. Research conducted by Which? noted that Tesco and Nationwide were particularly poor while HSBC staff were most unhelpful. Peter Vicary-Smith, Which? chief ...

Credit card fraud hits a quarter of UK adults

Wednesday, January 19th, 2011

Credit card fraud has affected a quarter of adults in the UK, a new report has claimed. The annual Card Fraud Index published by life assistance company CPP found that 13 million people have now been hit by card fraud, although 2010 did see a three per cent drop in ...

Declining usage of credit cards

Thursday, January 13th, 2011

Credit card usage is going down and according to experts the new credit card rules and saner purchasing decisions taken by consumers are behind this decline. People are tapped out according to experts who fee that the overall trend shows a decline in credit card usage. When the prices ...