Credit card spend falling, figures show - Published:17/12/07
praise CARDS LOW RATE praise CARDSSTUDENT praise CARDS0% APR praise CARDSCREDIT CARDS ONLINEBALANCE TRANSFERSAn increasing amount exhausted on debit cards is leading the total credit card use in the UK to height off, figures from Apacs showFurthermore, the height of credit card repayment is growing, as customers concentrate on clearing their debt The Apacs information show that the number of credit card transactions has fallen by one per cent, to £21 billionApacs cites Bank of England figures showing the uppermost proportion of credit card payments since 1998, at 953 per centSandra Quinn, manager of communications at Apacs, said: "Our figures show that UK praise cardholders are reining in their spending and concentrating on repayments""anxiety about economic growth could well have contributed to the reduction in credit card expenditure and higher repayments, alongside media conjecture about whether consumers are borrowing responsibly"Ms Quinn added that debit cards are now as suitable as credit cards in many stores, although consumers still favor credit cards when shopping online Recent research from ACNielsen exposed that the popularity of internet shopping could soon alter the face of the high streetCredit Cards | Business Credit Cards | Balance Transfers | near to the ground Rate Credit Cards | Cash Back.
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Credit Card Spend Falling, Figures Show >>
Changes to loans rates unlikely - Published:15/11/07
The Bank of England's (BoE) Monetary Policy Committee (MPC) decided to maintain interest rates at the present rate of 45 per cent yesterdayThe news, next the BoE's monthly meeting, means that loans customers are unlikely to benefit from any further decreases in interest ratesLast month, the majority of loans providers lowered their interest tax in line with the BoE, which dropped the baseline speed from 475 per centDuncan Pownall, of Bradford & Bingley, said: "While many carry on to cry out for another speed cut to revitalise certain sectors of the UK economy, most notably the subdued far above the ground street, it is likely that, for the occasion being, their pleas will fall on hard of hearing ears"Currently there is a wide range of opinion on the prospects for interest tax, reflected in the rare division within the MPC, but we consider it is likely that bottom rate will remain on hold for the rest of the day unless there is a dramatic downturn in housing and retail sales"MoneyExpert Limited is authorised and keeping pace by the monetary Services Authority (FSA Registration No 301654) The monetary Services power does not regulate some forms of mortgage contract,.
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Five million fall victim to scams, says Which? - Published:15/05/07
Five million populace in the UK say that they have been the wounded of financial scams, and another 23 million speak that they have been unsuccessfully targeted, speaks a Which surveyThe most widely reported con is the use of an automatic phone call, inviting people to claim a prizeA third of people in the UK have received one of these calls and two million populace have been caught out by vocation a premium-rate phone numberAlmost eight million people also said that they have been caught out by material claiming to have been sent by an international draw board, telling people they have won despite not toward the inside the drawThe fraudsters then request bank details for payment and then contrast credit card details before prowling accounts"The con artists who run these scams are experts in fooling people into parting with their cash Unfortunately, it's rare to get something for nothing - if it sounds too good to be true, it almost certainly is," said Which editor Malcolm Coles"Avoid charitable them the information they need by checking methodically before confirming email addresses or giving store account details to anybody you don't know"MoneyExpert Limited is authorised and keeping pace by the Financial Services Authority (FSA Registration No 301654) The Financial armed forces Authority does not regulate some forms of mortgage contract, credit cards, personal loans, present accounts.
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