More than 1m householders have had to use a credit card for rent payments or mortgage repayments in the last 12 months, according to the data published today by housing charity Shelter.
Twelve legal test cases currently in progress at the High Court in Manchester may challenge the right of credit card companies, store card companies, and bank lenders to enforce their debt, if they cannot produce the original documentation relating to the loan agreement.Â
Under the Consumer Credit Act, credit card loan agreements must contain three key pieces [...]
Almost a quarter of UK adults (24%) need debt management advice, due to hidden debt that has not been revealed to their partner, friends and family, according to a new report by AXA*.Â
The average level of debt for those affected is £4096.32, spread over bank overdrafts, credit cards, store cards and loans.Â
The age grouping most likely [...]
Credit card companies are labouring under a deluge of bad debt, as cash-strapped consumers find themselves unable to make the repayments on their credit cards.Â
As a result, access to a credit card will be harder to get, borrowing rates will spiral, and monthly credit card fees could become standard, as credit card companies look for [...]
Internet shopping no longer has to stretch your credit card. There are now a range of prepaid alternatives to credit cards, that allow you to buy that games console, DVD or handbag, but without using credit to do so! In addition to high street and online shopping, prepaid cards can be used for sending money to [...]
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