- Tuesday, February 7, 2012, 12:14
- Credit Cards, debt, Household Finances
The average UK household owes £7,900 in unsecured debt such as credit cards, overdrafts and store cards, according to a report from PricewaterhouseCoopers (PwC).
Although the typical British family managed to reduce their unsecured debts by some £355 in 2011 - making the last 12 months the third consecutive year that ...
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- Thursday, January 5, 2012, 18:34
- Credit Cards, Featured, PR
TotallyMoney’s exclusive credit card offer was mentioned last week by the consumer expert Martin Lewis on
BBC Radio 5 Live’s Money Makeover series and on Monday morning's
This Morning programme.
The founder of Money Saving Expert joined BBC Radio 5 Live’s Shelagh Fogarty last Wednesday, as they reviewed the ...
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- Monday, December 12, 2011, 12:49
- Credit Cards
Nearly one in three Britons will take on new debt to help them pay for Christmas, according to a new study.
A YouGov poll for the banking technology firm Intelligent Environments found that 31% of the 2,015 adults questioned would take out some form of additional debt to pay for their spending over the holidays. ...
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Technologies such as chip-and-pin helped to reduce debit and credit card fraud by 9% in the first six months of 2011, according to data collected by the UK Cards Association.
Fraud detection software and updated the rollout of chip-and-pin systems abroad helped push the amount lost to card fraud in the first half of this year ...
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Consumer groups and a financial watchdog have warned consumers they should not expect the same protection they get from credit and debit cards when using electronic payment transmission systems.
A number of new mobile e-money systems are due to launch in the UK over the coming months, joining relatively established services such as PayPal and Google ...
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- Wednesday, August 24, 2011, 9:16
- Credit Cards, Personal Finance
Businesses and consumers are reluctant to take on new debt in the current economic climate, according to new figures published by the British Bankers' Association (BBA).
The BBA’s July report on high street lending found that unsecured lending contracted by 1.1% over the course of the last 12 months, while personal deposits rose by ...
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- Tuesday, August 9, 2011, 10:55
- Credit Cards, Household Finances
Swiss Air and Lufthansa have decided to start charging UK customers for using debit and credit cards just weeks after the Office of Fair Trading (OFT) ruled such fees were unfair and misleading.
The OFT recommended that the government take steps to ban traders from charging customers more than it costs them to process payments after ...
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- Tuesday, July 19, 2011, 10:46
- Credit Cards, Featured
Barclaycard upped the stakes in the credit card price war yesterday with the launch of the longest ever balance transfer period.
The lender has announced a record-breaking 24 month interest-free offer to borrowers who transfer a balance to its new platinum card.
Other lenders, apparently oblivious to growing concern over debt problems in the euro ...
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- Wednesday, July 13, 2011, 10:25
- Credit Cards
A quarter of British workers are forced to rely on their credit cards to tide them over towards the end of every month, according to a study from Moneysupermarket.com.
Some 11 million people have to resort to putting everyday expenses on their flexible friend when the money in their current account runs ...
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- Tuesday, March 8, 2011, 11:53
- Credit Cards
Almost half of Britons are concerned about becoming the victims of card fraud but are failing to take the necessary precautions to protect themselves, according to a poll by the payment systems group ACI Worldwide.
Some 36% of those questioned said they had less money as a consequence of the economic climate and could not afford ...
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- Friday, February 25, 2011, 17:42
- Credit Cards
The average British credit card holder wastes £279 a year by not taking advantage of 0% balance transfer offers.
Lenders are pocketing some £2.3 billion a year in interest payments that consumers could avoid by moving their debt to another card. This is despite the fact that only 3% of credit card users pay ...
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- Monday, January 31, 2011, 14:34
- Credit Cards
Some 34% of credit card holders relied on plastic to cover their everyday spending during January according to research from the Post Office.
The Post Office Consumer Credit Report found that 11.5 million people were left so hard-up after Christmas that they needed to fall back on credit to cover their day-to-day living expenses. Over 40% ...
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- Friday, January 28, 2011, 13:10
- Credit Cards
Credit and debit cards could be going the same way as the cheque after the roll out of the UK’s first mobile payments service.
Orange and Barclaycard are planning to launch the service in the summer. Customers with an enabled smartphone will be able to make purchases of up to £15 by waving their phone in ...
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- Thursday, January 6, 2011, 13:19
- Credit Cards
More than two million people have used a credit card to pay their mortgage or rent in a last-ditch attempt to hold on to their home according to the homeless charity Shelter.
The number of homeowners and tenants resorting to credit to keep a roof over their heads has risen by nearly 50% since ...
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- Monday, November 15, 2010, 15:16
- Credit Cards
Customers of high street banks are being signed up for ID theft insurance they do not want and have explicitly opted out of.
Cardholders of banks including Barclays, Santander and NatWest say they are being put through to a third-party company called Card Protection Plan (CPP) when they call to activate a new card. ...
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- Tuesday, August 10, 2010, 22:50
- Credit Cards
Halifax Reward current account customers, who are already eligible for £60 a year (£5 per month) in cash rewards when they fund their account with £1,000 each calendar month, can now earn up to £120 a year in rewards by applying for the new Halifax Clarity credit card, launched in July.
Halifax Clarity credit card, the ...
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- Thursday, June 3, 2010, 14:20
- Credit Cards, Featured
The annual interest rate on the Barclaycard Simplicity
card has been reduced to 6.8%. The new rate – one of the lowest available rates on any card in the UK – applies to both purchases and balance transfers.
In addition to this, Barclays has also increased the
balance transfer deal available ...
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- Wednesday, June 2, 2010, 16:19
- Credit Cards
Research by moneysupermarket.com has found that 63% of
balance transfer card users have used their card to make a purchase, with almost a third (29%) admitting that they never intended to make a purchase ...
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Nearly five million Brits rely on
credit cards to pay their household bills according to new research from moneysupermarket.com. Furthermore, 2.5 million people also use their credit card(s) to withdraw money – potentially costing them around £90 million a year in total.
The research found that, whilst over half of Brits (55%) use ...
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Women now splash out an average of £113 on a handbag research by Churchill Home Insurance has revealed.
And with most women’s handbags containing items such as mobile phones, house and car keys, cash and
credit cards, and perfume, the true value of an average handbag could actually be closer to £1,800.
Churchill’s data also shows that one in five women (20%) have been the victim ...
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