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A Holiday To Tenerife Could Take Consumers Ten Years To Pay Off

With 11%[1] making minimum repayments on credit cards each month, this is the debt sentence travellers could face Holidays on credit: Consumers are predicted to put 8%[2] more of their holiday spend on credit cards this year, racking up a total bill of £9 billion. This represents more than a quarter (27%) of total overseas…

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Credit Card Spending Set to Rise by 8% in 2014

As consumer confidence grows, research reveals UK credit card holders are set to rack up a bill of £86 billion Retail spend: With total retail spend[1] predicted to rise by 3.4% to £331 billion this year[2], credit card spending is set to account for more than a quarter of this (26%), the highest proportion since…

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Cap on Payday loans costs is a step in the right direction, but how many more people will be fleeced while we wait for the ruling to be implemented?

LONDON, November 25th, 2013. In response to today’s announcement from the Government to introduce a new law to cap the cost of payday loans, Will Becker, CEO and co-founder of TotallyMoney.com comments: “At last, the Government is taking action against the damage payday lenders continue to inflict on large segments of the UK population. However,…

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Lost credit card rewards total £323 million this Christmas

LONDON, November 6th, 2013. 15.7[1] million credit card holders lose out by not using cashback or reward cards for Christmas spending. 14.6 million credit card holders who already enjoy a reward or cashback card will earn up to £300 million on their Christmas shopping. This leaves 52% not earning a penny, a festive loss of…

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