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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
Warning to those in debt as 0% balance transfer credit card terms shrink: TSB now has longest deal at 29 months but others come without a fee The longest 0% period for balance transfer credit cards is now 29 months Longest interest-free period was up to 39 months in November 2017 TSB credit card tops the … Read more
‘My credit card provider sorted out the £1,871 a fraudster spent on Apple – but then locked me out of the account for months!’ Peter Wilson spotted thousands in fraudulent transactions in May His credit card was replaced but ‘temporarily suspended’ after he used it The provider told him his account had been given to … Read more
Desperate borrowers face mounting credit card bills: Surge in people turning to sub-prime plastic charging interest of 35% and beyond Number of new ‘sub-prime’ borrowers taking out credit cards rose 143% This was more than double the rise in all new borrowers in September It suggests those turning to borrowing are being turned away from … Read more
Credit scores can now be boosted by Netflix or Spotify subscriptions: Experian launches new feature and millions are likely to see instant uptick Experian announced its new ‘boost’ feature for its 8m UK customers today It will use data from people’s bank accounts to help ‘thicken’ their credit file This means payments which didn’t count … Read more
Credit card customers’ fury after 500,000 accounts are taken over by little-known firm Jaja By Fiona Parker For The Daily Mail Published: 22:01 GMT, 3 November 2020 | Updated: 22:01 GMT, 3 November 2020 A little-known firm has been flooded with complaints after taking over around 500,000 credit card customers’ accounts. Post Office, Bank of … Read more
Hundreds of thousands of people still on breaks from their mortgages and unsecured debts face a potential ‘lender lottery’ from next month as blanket protections are removed. Banking body UK Finance said financially vulnerable people benefiting from 323,700 payment holidays across mortgages, credit cards and personal loans will be offered help ‘tailored to their individual … Read more
The ‘buy now, pay later’ service Klarna is to be investigated by the UK’s data protection watchdog after it sent out marketing emails to people who had never even used it before. The Information Commissioners’ Office said it was ‘making enquiries’ into the £8.22billion Swedish firm with 8.6million UK customers after receiving more than 90 … Read more
Borrowers urged to move debt to a new balance transfer credit card before best deals disappear By Amelia Murray For The Daily Mail Published: 22:00 BST, 13 October 2020 | Updated: 22:00 BST, 13 October 2020 Borrowers are being urged to move debt to a new balance transfer credit card before the best deals disappear. … Read more
Gamers left in the dark for nearly two weeks after they tried to pre-order the new Microsoft Xbox using the ‘buy now, pay later’ service Klarna have now been told if they want the console, they will have to pay for it in one go on the day of its release after all. And those … Read more