Breaking news
Rishi Sunak is at the centre of a Cabinet row over whether to extend a £20-a-week increase to Universal Credit payments, it was claimed today, ahead of a crunch Labour vote on the issue. The Chancellor is said to want to scrap the increase which was put in place last year to help families through … Read more
Banks have brought back or boosted balance transfer deals over the last month as they loosen the lending taps, but borrowers looking to clear their debts still have less choice than ever before. MBNA, Sainsbury’s Bank and Virgin Money all lengthened the interest-free terms on some of their cards, while the supermarket lender also reopened … Read more
Consumers used £2.3billion of ‘buy now, pay later’ credit to pay for Christmas – 40 per cent of all festive shopping Research found that one in four shoppers used firms such as Klarna Shoppers spent an average of £170, adding to a total bill of £2.3billion The research was carried out by credit reporting firm … Read more
Insta fan: Claire Menary: who has 34,000 followers, has promoted Klarna They are the glamorous social media stars with the picture-perfect lifestyles that attract thousands of aspiring young followers. Yet their posts are now being investigated by the advertising watchdog over fears they irresponsibly promoted ‘buy-now, pay-later’ credit as a way to feel better in … Read more
Our energy supplier went under days after I switched for a better deal – but I was £100 in credit: will I automatically get my money back? Yorkshire Energy recently announced it had collapsed Many still have credit with the supplier, including those who have switched We reveal how you can claim your money back … Read more
A six-year-old boy from Connecticut secretly spent $16,000 on his mum’s credit card buying upgrades for his favorite video game, Sonic Forces. In July, George Johnson used mom Jessica’s iPad to go on a spending spree in Apple’s app-store, buying virtual ‘golden rings’ costing $1.99 to $99.99 that unlocked new characters and levels. Now the … Read more
China is pushing for its social credit system with a sweeping data-collection scheme to monitor and solidify control over companies, a study has said. The Corporate Social Credit System (CSCS) would punish and reward companies by putting them on ‘blacklists’ and ‘redlists’ after compiling information and analysing their behaviour, according to a Beijing-based consulting firm. … Read more
Antonio Horta-Osorio lands the top job at Credit Suisse before he’s even left his current role at Lloyds By Lucy White For The Daily Mail Published: 23:15 GMT, 1 December 2020 | Updated: 23:15 GMT, 1 December 2020 The outgoing boss of Lloyds Bank has wasted no time in lining up his next job. Antonio … Read more
Beware costly credit card trap that could leave you facing late fees and black marks on your file By Victoria Bischoff for the Daily Mail Published: 22:01 GMT, 1 December 2020 | Updated: 22:01 GMT, 1 December 2020 In recent months, thousands of credit card users have received sizeable refunds to their accounts after holidays, … Read more
Claiming universal credit when you have savings: Six tips to protect your funds AND eligibility for this vital benefit By Kay Ingram For This Is Money Published: 07:47 GMT, 1 December 2020 | Updated: 07:47 GMT, 1 December 2020 Kay Ingram: Those who have savings may see their entitlement to universal credit reduced Kay Ingram is … Read more