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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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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