Free banking could be a thing of the past as credit card providers look for other ways to make money, according to an analyst at financial website moneyfacts.co.uk.
Tag: Credit
Scotsman: Credit-card Firms ‘set To Bring Back Annual Fees’
ANNUAL fees on credit cards are set to return in a move that could hit the pockets of consumers by up to £35 a year, according to research released yesterday.
This Is Money: Credit Card Charges To Rise
Credit-card users face the squeeze as card issuers seek a variety of ways to recover £1bn in lost profits, say experts
Scotsman: Price Of Consumer Protection To Hit Credit Card Users
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.
This Is Money: Banks To Seal Debt Escape Route
Thousands of people trying to escape some or most of their debts could be stopped in their tracks by a new centralised service offered to banks and other lenders
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: 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.
MoneyExpert: Balls: Credit Unions Can Now Offer Larger Loans
Ed Balls, the economic secretary to the Treasury, has highlighted how credit unions are now able to offer larger loans over longer periods.
Scotsman: Provy Or Loan Shark? There May Be No Choice
SOME of Scotland’s most badly off people are having to take out loans with typical APRs of almost 200 per cent because they cannot get access to credit from mainstream lenders.
Scotsman: Matthews Fears ‘can’t Save, Won’t Save’ Culture
EASY access to credit and overspending is widening the already large savings gap in the UK and is causing great concern, according to Trevor Matthews, chief executive of Standard Life Assurance.