Thousands of people receiving refunds for cancelled flights and holidays should check their credit card statements, as they may find they get less back than expected. Britons who book trips with holiday rental listing sites often find themselves being charged non-sterling transaction fees, with their cards billed in foreign currency. But many may be surprised … Read more
Santander reveals 240,000 of its customers are on mortgage and credit card holidays – with savings rates and 123 account due to be cut 206,000 mortgage borrowers had been given holidays Meanwhile 15,000 credit card and 18,600 loan borrowers had paused payments The £32.4bn of mortgages having payments paused was 19% of its lending The … Read more
‘Britons born before 1999 could get debt relief’. Next to a picture on social media app Snapchat of Ryan Reynolds teasing news about upcoming superhero film Deadpool 3, is this ‘sponsored’ post with its own teaser: that you can write off your debts. All you need to do is take a free 60 second quiz, … Read more
Banks will increasingly tighten lending criteria over the next three months, approvals for credit cards and loans will fall and interest-free term lengths will shrink, banking giants and building societies predict. The Bank of England’s latest credit conditions survey revealed lenders by a large margin believe the availability of unsecured credit for households will decrease … Read more
Balance transfer mix-up meant my £3,500 credit card bill was ‘rejected’ but ended up on both cards… and left me charged interest I’d tried to avoid Neil Seagrave, 35, applied to make a balance transfer at the start of March He thought the money had been sent from Sainsbury’s to HSBC but it wasn’t The … Read more
Some of the best interest-free credit card offers around have been cut or removed from sale over the last month, as lenders evaluate their offers amid the economic crisis caused by coronavirus. Barclaycard and Tesco Bank have reduced 0 per cent balance transfer and purchase credit card terms throughout March and early April, while Sainsbury’s … Read more