It has been announced that first direct is to charge customers who hold a current account or cheque account with the bank.
Tag: Credit
MoneyExpert: Treasury Committee Aims To Provide More “affordable Credit”
A number of issues have been outlined in the Treasury committee’s twelfth report of this year’s session.
Motley Fool: Warning Signs For Homeowners!
Every month, figures from the Bank of England show that the UK’s mortgage debt continues to soar. Here’s how it’s exploded over the past decade:
MoneyExpert: Credit Card Debt ‘a Turn-off’
New reports indicate that credit card debt, overdrafts, and accounts in the red are a turn-off for prospective partners, with a large percentage of people more likely to get into a relationship with sensible savers.
According to a survey conducted by Yorkshire Building Society (YBS) a strong savings ethic is an attractive quality in long-term partners. Out of over 1,600 surveyed, 60 per cent of all women would rather be with a man with no debt.
Over 40 per cent agree it would be better to date a man with savings in the bank, while over 95 per cent would not want to be in a relationship with someone who was not financially sensible.
“It seems money really can buy you love as today’s singles search for a saving-smart superhero to settle down with,” comments YBS media relations manager Tanya Jackson, continuing to state that most women are drawn towards sensitive spenders rather than high rollers.
Credit card holders may soon have to shop around for the best rate after PricewaterhouseCoopers announced annual fees could be introduced to make up for industry deficits of £1 billion.
This Is Money: MPs Call For Curb On Loan Sharks
Ministers were urged by MPs today to crack down on ‘loan sharks’ who exploit the poorest and most vulnerable elements of society
Motley Fool: Is Free Banking Doomed?
Only yesterday, in Your Credit Cards Need £1 Billion, I warned that credit-card issuers are looking for ways to make more money from the UK’s 32 million credit card holders. Today, current accounts are under the cosh, as telephone and internet bank First Direct announces that it is to introduce monthly fees from 1 February 2007 for some of its current-account customers.
MoneyExpert: Savings Scheme Extensions Welcomed
The Association of British Credit Unions Limited (ABCUL) has welcomed a report from the Institute of Public Policy Research (ippr) that recommends the extension of national savings schemes.
Motley Fool: Your Credit Cards Need £1 Billion!
According to the “Precious Plastic 2007” report released yesterday by accountants PricewaterhouseCoopers (PwC), the average revenue per credit card has halved in the past five years. So, watch out, because credit-card issuers have plans to put cardholders under pressure!
Motley Fool: Could This Save You Some Cash?
Regular readers of the Fool will know how we like to help you save a few (hundred) quid here and there. Switching to cheaper gas and electricity suppliers, moving your cash to a best buy savings account and shifting any expensive debt to a 0% credit card are just a few of the methods we favour. However, there are some less obvious ways we can save money.
MoneyExpert: Morgan Stanley: Credit Card Rewards ‘make Sense’
Some 29 per cent of those looking to compare credit cards have been found to value a loyalty or reward scheme as their main consideration when choosing.