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Archive for December, 2006

One in four transfer credit card balance

A quarter of credit card holders have transferred their balance onto another card in the last year, research from Moneyexpert.com shows.
Around eight million people have transferred a huge £6.5 billion between cards - around £760 each - despite credit card balance transfer fees averaging 2.1 per cent.
This means Brits looking for a cheap credit card [...]

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Beware the 22,600% loans

Hugely expensive credit deals are being pushed by companies capitalising on the need of cash-strapped households to find money quickly in the run-up to Christmas.
Provident Financial, the credit-pusher giant that specialises in lending to those on low incomes and those without bank accounts, has blitzed tens of thousands of homes with junk mail loan offers.
The [...]

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Farepak victims targeted by loansharks

Cash-strapped Farepak victims are being targeted by unscrupulous loan firms cashing in on heartache, an MP warned today.
Hard-up families facing a bleak Christmas could be fleeced of their remaining cash by signing up for loans at exorbitant rates of interest.
Caerphilly MP Wayne David is urging anyone looking to take out a loan to use local [...]

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