Archives for the 'Credit Card Debt' Category
Credit seekers should only window-shop
Article Category: Debt Management Help and AdviceBorrowers looking to take out credit should only window-shop as far as store cards are concerned.That is the advice from debt consultancy firm Thomas Charles.It advises anyone who is considering taking one out to "think very carefully" about it.According to recent research by price comparison website uSwitch, shoppers with […]
Debt does not make grow heart fonder
Article Category: Debt Management Help and AdviceWith Valentine’s Day upon us, millions of couples are counting the cost and wondering if getting into debt to buy gifts really did make the heart grow fonder.The day is one of the most popular days of the year for couples to get engaged, with men, as tradition dictates, […]
Make resolution to tackle debt
Article Category: Debt Consoliation Help and AdviceDebt-laden borrowers should make a new year’s resolution to tackle their arrears by looking at ingoings and outgoings.That is the advice from Sainsbury’s Bank, which has done a survey showing the extent to which festive spending has pushed up debtors’ bills.Its figures reveal that around 18 per cent of […]
Credit card cash withdrawal ‘inadvisable’
Article Category: Debt Management Help and AdvicePeople may face debt problems over Christmas if they fail to use credit cards sensibly, it has been claimed.Head of personal finance at price comparison website Moneyfacts Samantha Owens said that it is all too easy for consumers to spend on their credit card over Christmas without considering the […]
Store cards ‘may worsen debt’
Article Category: Debt Management Help and Advice Store cards may contribute to debt problems, one price comparison website has claimed.MoneyExpert.com has warned consumers of the dangers of taking out store cards, which typically have high annual percentage rates (APR).Chief executive of the website Sean Gardner said that the average APR charged by a store card […]
Christmas credit card advice
Article Category: Debt Management Help and Advice Sensible credit card use is paramount over the Christmas season, it has been suggested. Credit reference agency Callcredit has issued some advice on credit card management for people looking to purchase seasonal gifts. It is important to remember that interest is accrued on credit card purchases and that […]
Care over Christmas credit advised
Article Category: Debt Management Help and AdviceThe normalisation of credit means that many UK consumers may risk debt over Christmas, it has been claimed.Savings manager for AWD Chase de Vere Susan Hannums said that Britons’ tendency to rely on credit may get more pronounced over the Christmas months as consumers in debt struggle to fund […]
Credit cards ‘worse bad debt risk’
Credit cards put the consumer at greater risk of developing bad debt than store cards, it has been advised.
A spokesperson for the Competition Commission notes that while store cards may carry higher interest rates, they typically have a lower maximum lending limit.
Because of this, Rory Taylor argues that the overall likelihood of entering a bad […]
Store cards ‘may lead to bad debt’
Store cards can result in the development of a bad debt problem if not wisely used, it has been warned.
Chris Tapp, deputy director of Credit Action, suggests that consumers should be aware of cheaper forms of borrowing which are also available.
While traditional credit cards are likely to be cheaper, he states that an overdraft or […]
Lifetime balance transfers ‘flexible debt solution’
Lifetime balance transfers offer a flexible debt solution for credit card users, it has been suggested.
Heather Scott, head of corporate communications at Intelligent Finance, notes that the deals have a number of benefits over alternatives.
But she adds that consumers should be certain that they offer the most appropriate debt solution before signing up for a […]