Last year was tricky for many. With the coronavirus pandemic causing havoc in mid-March, many were furloughed or lost their jobs. It might have resulted in a struggle to make ends meet and turn to credit as a result – or maybe extending the debt they were already in. Around three in 10 Britons have … Read more
After years of failed New Year’s resolutions, it appears the global pandemic has helped Britons collectively pay off personal debt like credit cards and loans. Between March and October, the latest figures available from the Bank of England, Britons have paid £15.6billion off their plastic and other loans. When the pandemic swept the country in … Read more
Jaja launched its own app-based credit card in 2019, but it has received a poor response A smartphone-based credit card provider which bought the accounts of Bank of Ireland and the Post Office last year is being flooded with complaints from frustrated customers. Holders of credit cards provided by Jaja, many of whom had no idea … Read more
Insta fan: Claire Menary: who has 34,000 followers, has promoted Klarna They are the glamorous social media stars with the picture-perfect lifestyles that attract thousands of aspiring young followers. Yet their posts are now being investigated by the advertising watchdog over fears they irresponsibly promoted ‘buy-now, pay-later’ credit as a way to feel better in … Read more
Barclays has been hit with a £26million fine by regulators after four years of poor treatment of customers who fell behind on their borrowing. The Financial Conduct Authority said business and personal customers who fell into arrears on their borrowing between April 2014 and December 2018 were not properly contacted by the bank. It added … Read more
Mastercard is one step closer to having to pay out as much as £14billion in total to more than 46million UK adults after it lost a landmark Supreme Court case. The US card provider this morning lost a legal fight with former financial ombudsman Walter Merricks, who had claimed consumers had paid higher prices between … Read more
New guidelines to tighten up advertising ‘buy now, pay later’ services like Klarna have been welcomed by campaigners – but they called for tougher rules to stop more consumers falling into debt. Delayed payment providers have been asked to revamp their marketing by next March to ensure users are not being misled and were aware … Read more
With England’s second lockdown and accompanying restrictions on international coming to an end, and a coronavirus vaccine in sight, it’s safe to say for many, holidays could be back on the cards for 2021. Almost certainly among those considering trips are holders of thousands of airline miles, who have either had to sit on their … Read more
Beware costly credit card trap that could leave you facing late fees and black marks on your file By Victoria Bischoff for the Daily Mail Published: 22:01 GMT, 1 December 2020 | Updated: 22:01 GMT, 1 December 2020 In recent months, thousands of credit card users have received sizeable refunds to their accounts after holidays, … Read more
Warning to those in debt as 0% balance transfer credit card terms shrink: TSB now has longest deal at 29 months but others come without a fee The longest 0% period for balance transfer credit cards is now 29 months Longest interest-free period was up to 39 months in November 2017 TSB credit card tops the … Read more