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Balance transfer mix-up meant my £3,500 credit card bill was ‘rejected’ but ended up on both cards… and left me charged interest I’d tried to avoid Neil Seagrave, 35, applied to make a balance transfer at the start of March He thought the money had been sent from Sainsbury’s to HSBC but it wasn’t The … Read more
Some of the best interest-free credit card offers around have been cut or removed from sale over the last month, as lenders evaluate their offers amid the economic crisis caused by coronavirus. Barclaycard and Tesco Bank have reduced 0 per cent balance transfer and purchase credit card terms throughout March and early April, while Sainsbury’s … Read more
The Financial Conduct Authority today brought in measures to help people struggling with their finances as a result of coronavirus. Fee-free overdrafts of up to £500 will be available to everyone, customers will be able to borrow more than this if needed, and those with outstanding loans and credit card debts will be offered three-month … Read more
Back in early January, when corona was just a mediocre beer, the Bank of England published something odd. For the first time in six-and-a-half years, people paid back more than they borrowed on credit cards. And as unusual as the statistic itself was the bank’s reaction to it. ‘The extra amount borrowed by consumers in … Read more
This morning, the Financial Conduct Authority announced proposals to try and help people struggling with their finances as a result of coronavirus. The proposals are subject to a quick-fire consultation and could come into force next Thursday. Banks have already brought in some measures themselves, but the FCA proposals seek to ensure that customers of … Read more
Given the Foreign Office has now advised against all overseas travel, it’s likely cancelling holidays is further up people’s priorities than booking new ones. But for those with bucketloads of Avios or American Express points who were intending on putting them towards flights, the news might leave them at a loss as to what to … Read more
Three quarters believe in a credit blacklist…it’s a MYTH! We’ve asked the experts what you should know By Rachel Wait, Financial Mail On Sunday Published: 23:45 GMT, 14 March 2020 | Updated: 23:45 GMT, 14 March 2020 Many of us know that having a good credit score is key to getting accepted for the cheapest … Read more
For Yasmine Ibrahin it began with a pair of £90 trainers from ASOS. The Nike Air Maxes were her first purchase using Klarna, one of the increasingly popular ‘buy-now, pay-later’ payment providers. But it was far from her last. Soon the Sussex University English student, then 21, found herself spending around £100 on clothes and … Read more
When it comes to big banks it is often said that loyalty doesn’t pay. However, in an unusual case, 40 years of sticking with Lloyds Bank was the main reason behind a Hertfordshire man obtaining a £12,000 mis-sold PPI payout. But Richard Harvey’s case also highlighted how the banking giant stung him for worthless insurance … Read more
The cost of childcare can be a stressful ‘how much?’ moment for many parents. Families can part with almost £7,000 a year for a part-time nursery place, or more than £12,000 for a full-time spot, for a two-year-old, according to charity Coram Family and Childcare. A new childcare employee benefit scheme, Catapillr, has now launched … Read more