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I’m going to throw some figures at you that I can’t quite believe today. Apparently 39% of people are worried about their current level of debt, but only 3% are planning to actively seek help over the next six months according to insolvency association R3. And I thought this was the Chinese year of the Read the rest… [Read More]
I’ve just been taking a walk around the debt advisers’ floor at Debt Free Direct and I can only describe the scene as one of pre-match preparation. I relate the atmosphere like the debt advisers gearing up for a massive match ahead, which will test their defences, see them exploiting their skills to the max and Read the rest… [Read More]
I used to know a credit card tart – or, at least, that’s what people called her. She would switch from credit card to credit card with as much ease as a butterfly flitting from one garden to the next and benefit from the lowest rate of interest available on a card at any given Read the rest… [Read More]
Is it just me, but in this new ‘paperless’ statement world, where you have to log on to find your statement, is it harder to manage your finances? My own view is that it’s a temptation to just look at the vital bit of a bill – what you owe, when it’s got to be Read the rest… [Read More]
In an effort to boost poor credit ratings, UK consumers are turning to high interest lending to repair damaged credit ratings, a recent article from the Daily Mail suggests. In a statement released today by credit provider Provident Financial, they mention that the company is receiving 2,700 applications per day for their high interest credit Read the rest… [Read More]
Credit card companies are inflicting inflated rate increases on their customers by using ‘personal pricing’ to calculate APRs for new customers. Increasingly, providers are basing interest rates for new customers around personal details such as credit records and repayment history, says new research from Defaqto. Defaqto’s research shows usually two thirds of applicants will get Read the rest… [Read More]
Gordon Brown has spoken out about this week his plans to step in and stop credit card firms taking advantage of struggling customers by hiking interest rates. In the run up to the elections, the Prime Minister insists he would crackdown and ban companies from imposing rate increases as part of what the PM has Read the rest… [Read More]
