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News And Opinion

Articles Recently Posted

How much do you earn compared to the rest of the World?

New figures published by the International Labour Organisation reveal why you should be glad you don't live in Tajikistan

Posted 16 May 2012 by

Ian Carpenter

 in 

Personal Finance

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Wireless Festival goers can pay by wrist band

Barclaycard announces that PayBand is to be made available at the Wireless Festival - we look at the emergence of contactless payment technology

Posted 16 May 2012 by

Jessica Searle

 in 

Personal Finance

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Credit Union interest rates under review

The DWP has recommended that the cap on interest rates that applies to credit unions is raised to 42% to make them financially viable. Oh, and to give them £51m as well.

Posted 15 May 2012 by

Amy Flower

 in 

Personal Finance

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Sainsbury Bank loan offer under fire by Which?

A simple price promise is labelled as a potential gimmick by the Consumers' Association, but the underlying argument is fatally flawed

Posted 15 May 2012 by

Barry Stamp

 in 

Personal Finance

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Yahoo! chief exits after discrepancy found on his CV

Scott Thompson said he had a degree in accounting and computer science, but it was actually in accounting. That lost him his job. Similar small lies on credit applications can be similarly damaging.

Posted 14 May 2012 by

Barry Stamp

 in 

Personal Finance

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Card Fraud in UK falls by over one third in 4 years

A combination of Chip & PIN and 3D Secure has made a massive dent in card fraud losses, but has spurred a shift in attention by fraudsters to online transactions instead

Posted 14 May 2012 by

Arron Dickens

 in 

Personal Finance

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UK still a major centre for credit card fraud

Credit scoring company FICO publishes a map comparing the levels of credit card fraud across Europe. There's good news and bad news.

Posted 11 May 2012 by

Kevin Pearce

 in 

Personal Finance

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Section 75 complaints rise to 1,000 per week

In its latest report the Financial Ombudsman says that section 75 claims are increasing alongside better consumer awareness.

Posted 9 May 2012 by

Barry Stamp

 in 

Personal Finance

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50pc of school leavers don't know what 50pc means

The need for better financial education in schools couldn't be more clear. It's no wonder so many young adults fall quickly into debt

Posted 3 May 2012 by

Jessica Searle

 in 

Personal Finance

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Are football clubs exploiting their fans?

Gate prices increase by 7%, so don't pay 19.9% interest for a season ticket loan when you can get finance interest free

Posted 1 May 2012 by

Sam Twyford

 in 

Personal Finance

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How Bianca could do with checkmyfile

Clearly the Eastender doesn't read our articles on pay-day loans, but her situation is one that many can identify with

Posted 30 Apr 2012 by

Ian Carpenter

 in 

Personal Finance

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Unexpected mobile phone defaults

Surprised to see a mobile phone default on your credit report? It's not unusual, as Tom Jones says

Posted 26 Apr 2012 by

Neil Greenhill

 in 

Personal Finance

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Do women pay more than men for credit?

A comprehensive study says yes they do, by 0.5%, but they are also more likely to borrow on their credit cards

Posted 25 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Get your next iPad with a loan from Zopa

Borrowing for gadgets such as iPads, cool phones and stereo systems becomes feasible as Zopa introduces more flexible repayment periods

Posted 25 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Getting rid of Japanese Knotweed

Invasive Japanese Knotweed has been likened to Payday Loans by the MP who is looking to cap the cost of credit charged by payday loan companies

Posted 24 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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PPI victims are being swindled twice

New study says if consumers use claims management companies to help with a simple claim they are being swindled out of a quarter of the proceeds

Posted 23 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Average holiday spend falls to £1,831

Use the wrong credit card on holiday and that figure could rise by another £55. We show how to keep costs down

Posted 20 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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It's a stick up

Glue a shrunken credit card to the back of your smart phone and hey presto! You've got PayTag....

Posted 20 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Court rules store card debt unrecoverable

Could the floodgates be opened by vexatious claimants trying to avoid store card debt? We look at the issues

Posted 18 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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New finance company to lend for green projects

Reenergise Finance is set to launch this summer to give loan finance for wind turbines, solar, heat pumps and other green things

Posted 17 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Social lender Zopa strikes first profit

Seven years after launch, the king of social lending, Zopa, announces a welcome move into profitability in its annual accounts

Posted 17 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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New website to promote credit unions

Smarterbuys is due to launch today, promoting the merits of borrowing from local credit unions as a viable alternative to traditional lending sources

Posted 16 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Pay day loans still rocketing ahead

Finding the best pay day loan is not easy given the amount of choice - and the regulators are trying to weed out the bad guys

Posted 13 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Encash - a new social lender - to launch soon

The founders of Yes-Secure are to launch a sister service aimed at the same customers as market leader Zopa.

Posted 12 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Time to swap old cards for new

Use a little time over the Easter break to switch to new credit cards to save on average £400 per annum

Posted 5 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Big Society Capital bank launches with £600m to lend

£400m of which is your money that you've forgotten about. But to be fair, the government is pumping in £100m to alternative sources of finance

Posted 4 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Annual credit card statements on their way

See what you've spent, where you've spent it and in particular how much interest you've paid and you'll be prompted to switch to a new 0% balance transfer deal

Posted 30 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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New evidence of credit tightening

Bank of England reports that lenders will ration loans by tightening credit criteria despite expected increase in demand from consumers and lower defaults

Posted 30 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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FSA fails to impose fines on two credit unions

Severe breaches such as lending to directors at cheap rates, and lending three times more than the permitted maximum, just get a wrist slap

Posted 28 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Consumers continue to pay down debt

The latest figures from the BBA show that the total that consumers have borrowed by way of loans has declined constantly over the past three years

Posted 23 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Buying stuff from overseas on your card?

Whether for business or personal use, choosing the right card can save you 3% on all transactions abroad

Posted 23 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Experian launches new renter database

Landlords will now be able to check the payment history with previous landlords

Posted 19 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Defective breast implant victim gets money back

Using valuable rights under Section 75 of the CCA, a £3,700 claim was settled in just three months

Posted 15 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Using Trip Advisor to book your holiday?

Then make sure that you pay with one of these little babies, or you could end up paying more than you bargained for

Posted 15 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Virgin Money increases interest rate by 50pc for riskier customers

Top rated card company is reviewing the risk profile of its existing cardholder base

Posted 14 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Live now, pay later

Three in ten people give no thought to how they will pay their way in retirement. Many who do, don't plan carefully enough

Posted 13 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Barclaycard gives consumers better protection

We explain how Barclaycard holders have better control over recurring transactions authorised on their cards

Posted 9 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Do you know your APRs from your LBOs?

New research says 40% are confused by credit jargon and TLAs (three letter abbreviations)

Posted 8 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Ultimate loser in PPI scandal may well be you

No one seems to have twigged yet how this will all pan out.

Posted 7 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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One in five of us are borrowing to eat

A survey by the Consumers’ Association reveals how tight our finances have become

Posted 5 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Almost half of Zopa loans have been repaid early

The lack of repayment penalties on Zopa Loans has encouraged many borrowers to repay early, despite relatively low interest rates

Posted 2 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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7 per cent of credit card debt written-off

Bank of England figures reveal level of write-offs of bad debts in 2011

Posted 1 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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NFC Smartphones to get payment capability

Coming soon – your smartphone becomes a prepaid credit card, courtesy of Vodafone and Visa

Posted 28 Feb 2012 by

Barry Stamp

 in 

Personal Finance

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50 payday loan companies to be investigated

The OFT sets its sights on payday loan companies…

Posted 28 Feb 2012 by

Barry Stamp

 in 

Personal Finance

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Light at the end of the tunnel for Lloyds

Despite posting losses of £3.5 billion for 2011, the number of serious complaints that Lloyds TSB received fell by almost a quarter

Posted 24 Feb 2012 by

Richard Catlin

 in 

Personal Finance

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Don’t let an Ex spoil your Valentine’s Day

Taking a few minutes to think about an ex-partner this Valentine's Day could save you from a financial headache in the future

Posted 14 Feb 2012 by

Richard Catlin

 in 

Personal Finance

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Barclaycard efforts bearing fruit

Credit Card giant Barclaycard has released its latest figures - which show customer numbers up, and levels of bad debt down

Posted 10 Feb 2012 by

Richard Catlin

 in 

Personal Finance

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Why ditching your plastic might be a big mistake…

UK consumers ditched 1 million credit cards in 2011 as the popularity of pay day loans continued to grow. Does this signal the end for your flexible friend?

Posted 8 Feb 2012 by

Richard Catlin

 in 

Personal Finance

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Lloyds ditches charity cards

Halifax and Bank of Scotland charity credit cards are being withdrawn, after being described as "not cost-effective" by the bank

Posted 30 Jan 2012 by

Richard Catlin

 in 

Personal Finance

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The quickest credit card to get

This credit card took less than 40 hours to arrive after applying online. We've never seen a faster credit card being issued.

Posted 20 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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FCA to take powers from FSA and OFT

Yet another shake-up in credit regulation is on the cards and a new Financial Conduct Authority looks set to become the new Big Brother

Posted 18 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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4 out of 5 financial websites fail compliance test

Leaving out information that is required by law, or not advertising within the law, 4 out of 5 financial websites face enforcement action

Posted 17 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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Is APR the best measure for payday loans?

Government believes the Total Cost of Credit is a better measure, but we don't, and payday loan companies may face advertising ban

Posted 17 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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A warning about pre-paid travel money cards

A Travelex pre-paid travel money card could have cost our customer an extra £80 if he used Coop Travel Service

Posted 13 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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Your credit card is about to enter the 21st century

Carry just one of these little babies and you can make it turn into whatever card you want it to be.

Posted 13 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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Bank of England holds base rate at 0.5%

Record low interest rate continues - great news for borrowers, less so for savers

Posted 12 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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Credit jargon explained

If you were garnisheed, would this be a good or a bad thing to happen? Cut through credit jargon with our free jargon buster

Posted 10 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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Fewer consumers in trouble, businesses struggle

Probably because some of the outstandingly cheap credit deals available to consumers are not available to businesses. We look at the best consumer deals.

Posted 6 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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Booking a holiday?

There are only three credit cards that give you the valuable protection of 'Section 75' for both UK and overseas transactions.

Posted 5 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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Thinking of asking your bank or card company for help?

Then you need to ask whether a black mark will be added to your credit report

Posted 4 Jan 2012 by

Barry Stamp

 in 

Personal Finance

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Most savers are getting a negative return

According to Defaqto, you'd be better to switch loyalties to take advantage of special rates, or to take out an offset mortgage

Posted 29 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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1 in 7 of us don't use credit cards

And almost half say they just don't need one. Find out more insights revealed from our annual survey results

Posted 28 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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First Direct tops satisfaction tables again

The Cooperative Bank and Nationwide take the other podium positions. How well did your bank do?

Posted 28 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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Greedy credit card fees to be outlawed

Great news. The practice of charging more to pay by credit card or debit card is to be scrapped.

Posted 23 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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Over 2 in 3 not affected by the economic gloom

Only 22.9% feel worse off, according to our latest Banking and Credit Card Survey. The key is making sure your credit report is giving you the credit you deserve.

Posted 23 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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Do you use your credit or debit card abroad?

Or to purchase foreign currency? Read how it should now become much cheaper in the future

Posted 21 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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Loan sharks should be avoided at Christmas

So says Manchester City Council, a timely reminder, though to be frank, loan sharks should be avoided year round

Posted 16 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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Cashback is the biggest draw for credit card users

Our 2011 Banking and Credit Card Survey shows that cashback and reward cards are the most popular

Posted 15 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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Payday loans - what to look out for

Fast growing, payday loans are quick to obtain and might solve a cash problem at Christmas. We tell you what to look out for

Posted 9 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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Peer-to-peer lender collapses

A new entrant to 'social lending' fails to get off the runway and crashes

Posted 8 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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New card benefits are based on your risk

The Halifax All in One card gives different 0% introductory rates depending on how good your credit rating is.

Posted 5 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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Been asked to give a personal guarantee?

Give blood? Yes. Give a kidney? Yes. Give a personal guarantee? No. Run.

Posted 2 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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November house price rise gives more hope

Nationwide advises that house prices rose by 0.4% in November and the Bank of England says mortgage applications are up 3%

Posted 1 Dec 2011 by

Barry Stamp

 in 

Personal Finance

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Could you have a long-lost bank account?

It's your money. Now's the time to reclaim it before the Government snaffles it.

Posted 30 Nov 2011 by

Barry Stamp

 in 

Personal Finance

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Why Thomas Cook should be rescued

If the second largest holiday company fails, this could damage the fragile recovery of our credit market by costing banks more than is immediately obvious

Posted 23 Nov 2011 by

Barry Stamp

 in 

Personal Finance

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Store card point-of-sale incentives to cease

The practice of offering discounts at the till if a new store card is opened is to cease. But where's all the other promised stuff gone?

Posted 22 Nov 2011 by

Barry Stamp

 in 

Personal Finance

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Start getting ready for Christmas...

Get a new credit card now to help cut and spread the cost of Christmas.

Posted 17 Nov 2011 by

Barry Stamp

 in 

Personal Finance

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Blacklists - Ten things you probably didn't know

BLACKLISTS - 'there's no such thing as a credit blacklist'. But....

Posted 11 Nov 2011 by

Barry Stamp

 in 

Personal Finance

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10 really interesting things in credit law (seriously)

10 things you might not know about our credit laws, which not a lot of people seem to know about.

Posted 9 Nov 2011 by

Barry Stamp

 in 

Personal Finance

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Keep an eye on your ex

Just because your relationship may have ended, that doesn't mean that their impact on your credit standing has ended.

Posted 8 Nov 2011 by

Barry Stamp

 in 

Personal Finance

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Searches and your credit score

Shopping around for credit does not damage your chances of getting credit - we blow the myth to smithereens.

Posted 7 Nov 2011 by

Barry Stamp

 in 

Personal Finance

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Bank levy – how this might backfire

The 'let's get back at the bankers' levy might have a surprising consequence if past history is a guide to the future.

Posted 2 Nov 2010 by

Barry Stamp

 in 

Personal Finance

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Payday loans company hit by 5,000 frauds

Newcomer payday loan company Help Loan has been reported to have processed over 5,000 payday loan applications made by identity fraudsters, and many victims of identity fraud are now being pursued by Intrum Justitia, debt collectors employed by Help Loan to obtain repayment.

Posted 26 Oct 2010 by

Barry Stamp

 in 

Personal Finance

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Government alternative to doorstep lending

A government led scheme that will provide loans to people who cannot get finance from traditional lenders is launched, aimed at replacing dodgy ‘doorstep lenders’ and loan sharks.

Posted 7 Oct 2010 by

Richard Catlin

 in 

Personal Finance

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Splitting up, pre-nups and your credit report

Made famous by celebrities, pre-nuptial agreements could be given full legal recognition in the UK. But even with a pre-nup, an ‘ex’ on your credit file could still cause you other problems.

Posted 3 Sep 2010 by

Richard Catlin

 in 

Personal Finance

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Changes to credit card repayment rules begins

The way that credit card providers allocate repayments to balances is changing – in favour of consumers. MBNA is the first to make the change, but not everyone is so quick off the mark.

Posted 3 Sep 2010 by

Richard Catlin

 in 

Personal Finance

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Dealing with debtors – Dubai style

A British man has finally returned to the UK after being forced to spend three months living rough in Dubai, bought about by a dispute over his credit card bill.

Posted 20 Aug 2010 by

Barry Stamp

 in 

Personal Finance

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Is your local bank branch about to disappear?

The Royal Bank of Scotland is forced to sell 318 branches across the UK due to help engender better competition. With Santander believed to be the only bidder, does much change?

Posted 12 Jul 2010 by

Richard Catlin

 in 

Personal Finance

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Pawnbroking is back in fashion - in a big way.

A Ferrari, an Aston Martin, a small plane and original Banksy artwork – just some of the items that have been used as collateral with a new online pawnbroker - putting a new twist on an old form of borrowing.

Posted 24 Jun 2010 by

Richard Catlin

 in 

Personal Finance

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Payment Protection Insurance boost for consumers

The Competition Commission will press ahead with its ban on the packaging of Payment Protection Insurance alongside loans, mortgages and credit cards after rejecting an appeal from lenders.

Posted 8 Jun 2010 by

Richard Catlin

 in 

Personal Finance

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Struggling to get a loan? You’re not the only one

Celebrity chef Jamie Oliver has revealed his own problems securing a personal loan, but there are still good deals to be had.

Posted 7 May 2010 by

Richard Catlin

 in 

Personal Finance

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Credit card cheques withdrawn by MBNA

MBNA is the latest company to withdraw from issuing credit card cheques, but what do you do with the ones in your drawer?

Posted 23 Apr 2010 by

Barry Stamp

 in 

Personal Finance

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Payment Protection Insurance review delayed

Consumers face a further wait to see whether there is any prospect of official compensation for PPI mis-selling after a further challenge to the FSA proposals.

Posted 15 Mar 2010 by

Richard Catlin

 in 

Personal Finance

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Credit cards set for a major overhaul

An official industry response to the Governments review into credit card practices could be good news for consumers - but not for a while yet.

Posted 26 Jan 2010 by

Richard Catlin

 in 

Personal Finance

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Can you really avoid a fee when booking a flight?

The news that Ryanair is to stop accepting payment by Visa Electron means that nearly all cards now carry a fee for booking. But there is a way of avoiding these charges altogether.

Posted 8 Dec 2009 by

Richard Catlin

 in 

Personal Finance

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Volunteers needed

Consumer champion Which? needs volunteers to help with an investigation into whether consumers actually get the rates on offer from credit cards providers. Can you help?

Posted 24 Nov 2009 by

Richard Catlin

 in 

Personal Finance

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Bank fights back over Payment Protection Insurance

The Competition Appeal Tribunal has ruled that the ban on selling payment protection insurance alongside loans needs more supporting evidence before it can be passed.

Posted 2 Nov 2009 by

Richard Catlin

 in 

Personal Finance

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Government inquiry into "shopping around for credit"

It’s claimed that many lenders leave a full 'credit application' search on your credit file even when you’re just shopping around, damaging your credit.

Posted 25 Sep 2009 by

Barry Stamp

 in 

Personal Finance

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Secondcardholder on your credit card account? Not good

It’s a little known fact, but if you are an additional card holder on a credit card, you don’t get the same level of purchase protection as the primary card holder.

Posted 18 Sep 2009 by

Richard Catlin

 in 

Personal Finance

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Better overseas protection, but at a price

A new EU directive aimed at helping consumers who were overcharged on holiday will be introduced soon, but is it likely to work, or will it simply mean costs are passed on?

Posted 18 Sep 2009 by

Richard Catlin

 in 

Personal Finance

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