moneycardsloans

Buy now, pay later: Don’t let shoppers sign up by default, MPs say

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Britain’s biggest retailers should take buy now, pay later services off their websites and prevent shoppers from signing up for debt financing at the checkout by default, MPs have said, after the £2.7billion industry was found to pose ‘significant’ potential harm to shoppers. A review into the booming sector published earlier in the week found … Read more

IVA market is broken says the FCA: Here’s why

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Millions of Britons in need of debt advice due to the coronavirus pandemic could be pushed into unsuitable debt solutions by companies seeking to profit from commission, regulators have warned. Britain’s ‘individual voluntary arrangement market is broken’, the Financial Conduct Authority said in a 68-page review into the state of Britain’s credit and debt landscape … Read more

Buy now pay later regulations: What will they mean for consumers?

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Borrowers of Britain’s booming £2.7billion ‘buy now, pay later’ industry will soon be able to complain to the Financial Ombudsman Service after it was announced lenders would be regulated under new government plans. It comes as regulators warn there was an ‘urgent need’ to protect shoppers from ‘a number of potential harms’, including the possibility … Read more

Advertising regulator bans ‘misleading’ debt adverts from impersonators

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The UK’s advertising watchdog has banned the adverts of two unregulated lead generators after they were found to have mimicked legitimate debt charities and claimed to be endorsed by the Government. The websites ‘writeoffmydebt’ and ‘stepdebtsupport’ were criticised by the Advertising Standards Authority after a series of complaints by the Government-funded Money and Pensions Service, … Read more

American Express’ Nectar card is now one of the best ways of earning Avios points

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A better way of earning air miles from your everyday spending? Amex’s Nectar credit card now has one of the best rates The Sainsbury’s reward scheme announced a partnership with BA last week  Shoppers can swap 400 Nectar points for 250 Avios air miles  Amex’s Nectar card earns 2 points for every £1 spend – … Read more

Last day for Tesco Clubcard points to be converted into Avios air miles

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Deadline day for Clubcard converters as Tesco’s air mile tie-up ends at midnight tonight: Should you swap? Clubcard points can currently be converted into Avios at 2.4 Avios per point  This will no longer be the case from 19 January After this points can only be converted into Virgin Atlantic points if shoppers are after … Read more