- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
Card companies 'should give payment examples'
Thu 13 Dec 2007 3pm
Credit card providers should give their customers a clearer illustration of how they will have to pay back their borrowings, a debt expert has claimed.James Falla said that card holders would benefit from having a "practical example" of how the rates and terms of their card will translate into monthly payments.
Mr Falla, director of debt counselling service Thomas Charles & Co, added that interest rates can be "very confusing" for card users and claimed that some customers do not understand terms such as APR.
He said: "The card providers should spend more time illustrating the amount that people are going to pay back.
"I think that banks and credit card providers should be encouraged to do that off their own back."
Mr Falla also stated that a similar system has been successfully introduced to the unsecured loan and mortgage sector, with the credit card market now in a good position to follow suit.
The typical credit card charges the user 2.75 per cent on each transaction made in a foreign country, the Post Office reported recently.
