Archives for April 2007
Orange to introduce ‘overdrawn facility’
Orange is to be the first phone network to allow customers to overdraw their phone credit.
The operator has followed the lead of high street banks by allowing customers to continue making calls even if the have run out of credit.
The Telegraph reports that it will be providing phone users with £2.50 worth of credit […]
BBA: Borrowing sliding as interest rates pick up
There is a growing demand for green credit cards among consumers, according to one expert.
Sandra Quinn, director of corporate communications at Apacs, says that green credit cards are becoming increasingly common due to increased customer demand for such products.
She adds that the credit card market is currently diversifying, with a range of new products […]
Demand for green credit cards ‘growing’
There is a growing demand for green credit cards among consumers, according to one expert.
Sandra Quinn, director of corporate communications at Apacs, says that green credit cards are becoming increasingly common due to increased customer demand for such products.
She adds that the credit card market is currently diversifying, with a range of new products […]
Credit card fees ‘are too high’
Transaction fees for debit and credit cards used abroad are too high, according to one expert.
Sean Tipton, spokesperson for the Association of British Travel Agents, believes that consumers are being charged too much for using their cards when overseas.
As such, holidaymakers who wish to use their cards abroad should consider other methods of making […]
JGFR: Fewer consumers to borrow in spring
The mood for saving and investing will overtake the desire to borrow and spend in spring, but economic activity will still be slow among consumers, according to new research.
John Gilbert Financial Research (JGFR)’s quarterly UK Financial Activity Bulletin revealed that the proportion of the population looking to borrow during this season is little changed […]
The high cost of looking good
Many Britons in the UK are taking out personal loans to pay for plastic surgery and getting themselves into a spiral of debt in the process, a new report has suggested.
Sainsbury’s Bank suggested that £5 million has been approved for personal loans to be spent on cosmetic surgery, according to the Thrifty Scot.
A fifth […]
Counting the cost of keeping home
The cost of home upkeep has risen this year, according to latest research.
Data from Sainsbury’s Bank suggests that the annual cost of homeownership is now £11,035, which is about 12 per cent higher than it was in 2004-05.
This is equivalent to the cost of homeownership rising by about £3.28 per day, according to the […]
Understanding personal finances ‘is key to avoiding debt problems’
Consumers have been told that a good of understanding personal finance issues is necessary if they are to avoid debt problems.
Research from Stroud & Swindon suggests that consumers’ understanding of mortgages is “worryingly low”, with seven out of ten of respondents suggesting that current account mortgages are not real products.
Furthermore, income tax has also […]
Northern cities ‘worst for paying off credit card debt’
Liverpool, Newcastle and Glasgow have the greatest number of people carrying over credit card debt per month, according to new research.
A new survey from CDMS found that there is a regional disparity in terms of people who save regularly and those who merely pay off the interest on their credit card debts each month.
While […]
Britons ‘are living beyond their means’
British consumers are living beyond their means, according to one financial expert.
Higher personal borrowing could threaten future economic growth as well as the growing likelihood of further tax increases, says chief economic adviser of the Item Club Peter Spencer.
He told the Scotsman that while business growth will lead to increased economic growth in the […]