CREDIT CARDS
Cash will die out as small businesses accept card payments
(April 25, 2012)Cash is expected to become obsolete by 2032 as the number of small businesses accepting card payments has doubled in five years.
Holidaying Brits expected to go all out this year
(April 24, 2012)Collectively, Britons are to spend £36 billion on summer holidays this year despite the UK’s current economy.
Consumers lose power to spend
(April 23, 2012)In March the spending power of consumers deteriorated to its lowest level since February 2011 meaning individuals have less to spend on non-essential items.
Ratings agencies questioned by former RBS boss
(April 20, 2012)A change in the way that credit ratings agencies operate has been called for by former chairman and CEO of the Royal Bank of Scotland, Sir George Mathewson.
Mobile phones expected to be new credit cards
(April 19, 2012)“Tap and go” technology is allowing any mobile phone to make credit card payments under a new payment system.
Consumers with bad credit history gain new 0% credit card
(April 17, 2012)Individuals with poor credit history struggle to benefit from credit card deals but the new card from Capital One is offering a 0% credit card for people who would not usually be able to get one.
Parents suspend their pension savings to pay for their adult children
(April 17, 2012)Parents in the UK are sacrificing their own financial savings in order to pay for their grown up children.
Store card issuers may face battle to collect cardholder debt
(April 16, 2012)A county court ruling means that some store card debtors might not be able to collect debts run up by store customers.
Retirement age may need to be raised faster to avoid debt, experts say
(April 13, 2012)A number of British workers could face working longer for less to avoid increasing national debt.
Barclaycard to increase credit card fees
(April 12, 2012)Anyone wanting to take money out of cash machines on a Barclaycard could face higher fees.