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Uswitch comments as TSB prepares to launch on the high street
As TSB Bank prepares to become the eight largest bank on the high street when it launches next week, with 630 branches, Michael Ossei, personal finance expert at Uswitch.com, looks …
One in four borrowers trapped in debt for three years or more
Trapped: almost one in four borrowers (24%) will take at least three years to pay off their debt – 7% of these don’t think they’ll ever be debt-free[1] In the red: …
Switching battle should heat up with one month to go until new rules kick in
Commenting on today’s announcement that the Payments Council has confirmed a new current account switching service will start on 16 September, Michael Ossei, personal finance expert at Uswitch.com, says: “With …
One in two payday loan customers say experience was positive
Despite an urgent need for payday loans to be regulated, for many customers they serve a purpose in providing short-term funds when banks are failing to deliver: Almost half of …
More than one in four Brits forced to borrow money to cover essential living costs
Responding to today’s research from the Money Advice Service (MAS), which shows a shocking increase in the number of people struggling with money troubles, Michael Ossei, personal finance expert at …
42% of consumers more likely to switch their current account from September
Just one in ten consumers (11%) have switched current account over the last 12 months[1] but 42% are more likely to do so when the new Current Account Switch Service comes …
Schools out … but holidaymakers jetting off abroad risk £327 million in extra charges for using their credit card abroad
12 million consumers (24%) plan to use a credit card while holidaying abroad this summer, racking up fees of £327 million[1] But the 12 million (24%) planning to use a …
Now competition commission to look at payday ‘highwaymen’
Following its investigation of the top 50 payday loan companies, the OFT has referred the industry to the Competition Commission. Michael Ossei, personal finance expert at Uswitch.com, says: “The OFT has …
Credit card interest free periods could hit 39 months by 2018
If current trend continues, 0% balance transfer periods could reach 39 months by 2018, predicts Uswitch.com[1] Interest-free periods would extend to 29 months by the end of 2014 and 32 …