13 July 2017
uSwitch comments on Bank of England’s Credit Conditions Survey
Commenting on the latest Credit Conditions Survey published by the Bank of England today, Tom Lyon, money expert at uSwitch.com, says: “The news that default rates on credit cards and …
1 June 2017
High street banks fail to impress in 2017 uSwitch Credit Card Awards
The latest uswitch.com survey of more than 10,000 credit card customers reveals that the big high street banks are falling behind other providers[1] Nationwide Building Society wins the coveted uswitch.com 2017 Credit …
31 May 2017
Cards blocked abroad cost holidaymakers £240 million
Almost half (49%) of consumers rely on credit or debit cards when travelling abroad[1] A quarter (26%) have had their cards blocked while on holiday – even though nearly two …
3 May 2017
Brits hit by £300 million in unarranged overdraft fees
One in eight (13%) consumers have dipped into their unarranged overdraft in the last year[1] costing an average of £33 each time[2] Almost half (46%) of those charged for using …
26 April 2017
uSwitch comments on FCA complaints data
Commenting on the publication of the Financial Conduct Authority’s (FCA) latest complaints data, Tom Lyon, money expert at uSwitch.com, says: “PPI remains the most complained about financial product making up nearly three …
8 April 2017
Half a million mortgage holders raid homes to release cash
A third of homeowners (32%) who have remortgaged in the last five years have done so to release equity from their property[1] – borrowing £43,918 on average[2] Over half used …
3 April 2017
uSwitch comments on the FCA proposals to help millions get out of persistent credit card debt
Commenting on the FCA proposals to help millions of credit cards users get out of persistent debt Tom Lyon, money expert at uSwitch.com, says: “This is potentially good news for the millions …
22 March 2017
uSwitch comments on reduction of cheque clearing time to one working day
Commenting on the announcement from The Cheque and Credit Clearing Company (C&CCC) that clearing time will be reduced from ‘six weekdays’ to ‘next weekday’ from 30th October 2017, Tom Lyon, …
21 March 2017
uSwitch advises Norwich and Peterborough customers to switch now
Commenting on the news that Norwich and Peterborough (N&P) customers are struggling to transfer their current account to a new provider, after the building society announced it is closing 100,000 …
2 March 2017
uSwitch comments on the introduction of a deadline for PPI complaints
Thomas Lyon, money expert at uSwitch.com, says: “Since the start of this scandal, the burden has been on consumers to speak to their banks if they believe they’d been mis-sold …