Credit card news, Jan - Mar 2008

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Now regulations 'will help consumers'

31 March 2008

Customers who get into financial trouble, possibly from credit cards, will be entitled to more help from service providers under the terms of the Banking Code, it has been revealed.

EU looks at Visa charges

27 March 2008

An enquiry has been started by the European Union (EU) after charges imposed by Visa on companies when people use their credit cards overseas.

Economic climate 'similar to 1930s'

26 March 2008

There are a number of similarities between the financial situation seen in the 1930s and the one taking place today, it has been claimed.

Debt advice 'popular among parents'

20 March 2008

A new survey has claimed that British parents place more emphasis upon debt advice than any other help when taking to their offspring.

Overseas card fees costing 'millions'

19 March 2008

Consumers using their credit cards abroad in the summer will be hit by transaction fees of £368 million, according to uSwitch.com.

Card generosity 'rises'

17 March 2008

More consumers are using their credit cards to give money to charitable organisations, the UK's payments association Apacs has revealed.

Britons' financial fitness revealed

13 March 2008

Credit cards and other forms of debt are making 58% of British adults financially overweight or obese, according to a new report.

Credit card fraud 'rises'

12 March 2008

Losses on credit cards from fraud have jumped in the last year, according to figures published by the UK's payments association Apacs.

Service providers attacked by Tories

11 March 2008

Credit card providers have been attacked by the Conservative party for apparently luring customers into borrowing money.

70 days 'just to pay the interest'

10 March 2008

An average, Britons will have to work for 70 days in order to collect enough money to pay of the interest on their credit card bills, Unbaised.co.uk has claimed.

Salisbury debt victims 'scared of repossession'

07 March 2008

People in debt in the Salisbury region have stated that they are fearful of losing their homes and encounters with bailiffs, it has been claimed.

Consumer confidence 'falls further'

05 March 2008

New figures show that consumer confidence has slipped by three points, according to Nationwide.

Credit card cancellations 'to go ahead'

04 March 2008

Egg is set to continue with plans to cancel customers' accounts despite opposition from one MP, it has been revealed.

Economic outlook 'hits women's spending'

03 March 2008

Women's mood for spending in the current economic climate has been hit more than men's, according to Legal & General's MoneyMood Survey.

Consumer confidence 'dropping'

29 February 2008

A new report has revealed that consumer confidence has dropped to its lowest point in the past thirteen years.

Egg refuses to change credit card policy

28 February 2008

Despite criticism over its decision to cancel the credit cards of 161,000 customers, bank Egg said that it did not plan to change its policy.

Balance transfer offers 'popular with credit card customers'

27 February 2008

British consumers are planning to take advantage of balance transfer offers in the coming months to help avoid paying interest, according to new research.

Charities to help young people with debt problems

26 February 2008

Two charities have formed a partnership to help encourage responsible spending and money management among young people.

Women 'under pressure to spend more'

25 February 2008

Contemporary women are increasingly under pressure to put more purchases onto credit cards, it has been suggested.

Britons 'confused by multiple credit cards'

19 February 2008

Consumers risk confusion when they juggle too many credit cards, the Consumer Credit Counselling Service (CCCS) warned yesterday.



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