MOST credit card users will lose out as consumer protection rules could cost lenders £1 billion a year, according to Precious Plastic 2007, the latest study of the UK consumer credit market from PricewaterhouseCoopers.
Tag: Business
Scotsman: Government Told ‘give Poor 50p For Every £1 Saved’
THE government has been urged to boost the savings of millions of the poorest people in Britain by giving them 50p for every £1 they save.
This Is Money: A To Z Of The Sunday Newspapers
Our summary of what the business papers are reporting from the financial world this Sunday
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Scotsman: Left High And Dry By Flood Insurance
THE Scottish Executive’s multi-million-pound flood defence programme, which has made considerable headway in ensuring Scots homeowners are protected from being flooded out of their homes, is being ignored by insurers when it comes to the premiums they…
Scotsman: Expect Bush’s Problems In America To Hit Your Wallet
I WAS on the phone a few months ago to a dear American pal, discussing the things old friends chat about across continents: the war, house prices, next year’s holiday… and then we got on to Bush.
Scotsman: Anchor Your Mortgage Now
THE wicked fairy of higher mortgage bills will arrive next month to spoil the Christmas party, after Britain’s biggest mortgage companies announced they will be increasing interest rates from December 1.
Scotsman: Calls For Regulated Savings Club After Farepak Collapse
SCOTTISH money advisers and charities are calling for the establishment of a properly regulated not-for-profit savings club, after the collapse of the Farepak Christmas club left 150,000 families facing a miserable festive season.
Scotsman: Capital One Criticised Over Credit Card Cheques
A LEADING debt campaigner has described Capital One Bank as “reckless” after it sent its customers unsolicited credit card cheques.
Scotsman: Watchdog Set To Probe ‘unfair’ Bank Charges
FINANCIAL Ombudsman Walter Merricks is threatening to investigate the banks after a 15-fold increase in complaints about charges.
Scotsman: Wannabe WAGs Borrow For A Lifestyle They Can’t Afford
MORE young women than ever before are winding up bankrupt as a result of credit card debts and rising household bills.