- Lowest number of Mortgage Approvals since records began.
- In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
- Tue 29th Apr 2008
- Are the Banks getting greedy?
- In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly.
- Thu 24th Apr 2008
- Comparison websites under the hot spotlight.
- The centre for competition policy has produced a report saying independent checks need to be made of comparison websites.
- Sat 12th Apr 2008
Cardholders plan new year balance transfers
Mon 31 Dec 2007 10am
More than three million customers will undertake new year credit card switching worth at least £8.99 billion, according to research from Abbey Credit Cards.The figures also showed geographical differences, with those in the south-east of England most likely to transfer, while only five per cent of cardholders in Scotland plan to make the switch.
Commenting on the figures, managing director of Abbey Credit Cards Roger Lovering warned: "January credit card bills can often catch people by surprise, so we would encourage people to keep a check on their finances over the festive season and plan ahead to ensure they aren't paying over the odds for their plastic."
Speaking earlier in December, expert James Falla of debt counsellors Thomas Charles advocated the advantages of balance transfers.
"The thing that cripples most people with credit cards is the interest … If you can get zero per cent interest … at least what you are paying is coming straight off the balance," he explained.
