Creation credit card: Fraud problem locked me from my account

‘My credit card provider sorted out the £1,871 a fraudster spent on Apple – but then locked me out of the account for months!’ Peter Wilson spotted thousands in fraudulent transactions in May  His credit card was replaced but ‘temporarily suspended’ after he used it  The provider told him his account had been given to … Read more

More borrowers turn to sub-prime credit cards thanks to pandemic

Desperate borrowers face mounting credit card bills: Surge in people turning to sub-prime plastic charging interest of 35% and beyond Number of new ‘sub-prime’ borrowers taking out credit cards rose 143%  This was more than double the rise in all new borrowers in September  It suggests those turning to borrowing are being turned away from … Read more

Netflix and Spotify subscriptions could now boost your credit score

Credit scores can now be boosted by Netflix or Spotify subscriptions: Experian launches new feature and millions are likely to see instant uptick Experian announced its new ‘boost’ feature for its 8m UK customers today  It will use data from people’s bank accounts to help ‘thicken’ their credit file   This means payments which didn’t count … Read more

Credit card chaos after 500,000 accounts are taken over by Jaja

Credit card customers’ fury after 500,000 accounts are taken over by little-known firm Jaja By Fiona Parker For The Daily Mail Published: 22:01 GMT, 3 November 2020 | Updated: 22:01 GMT, 3 November 2020 A little-known firm has been flooded with complaints after taking over around 500,000 credit card customers’ accounts. Post Office, Bank of … Read more

Borrowers face ‘lender lottery’ as 323,000 payment freezes end soon

Hundreds of thousands of people still on breaks from their mortgages and unsecured debts face a potential ‘lender lottery’ from next month as blanket protections are removed. Banking body UK Finance said financially vulnerable people benefiting from 323,700 payment holidays across mortgages, credit cards and personal loans will be offered help ‘tailored to their individual … Read more

Data protection watchdog to investigate Klarna over marketing emails

The ‘buy now, pay later’ service Klarna is to be investigated by the UK’s data protection watchdog after it sent out marketing emails to people who had never even used it before. The Information Commissioners’ Office said it was ‘making enquiries’ into the £8.22billion Swedish firm with 8.6million UK customers after receiving more than 90 … Read more

Data protection watchdog to investigate Klarna over marketing emails

The ‘buy now, pay later’ service Klarna is to be investigated by the UK’s data protection watchdog after it sent out marketing emails to people who had never even used it before. The Information Commissioners’ Office said it was ‘making enquiries’ into the £8.22billion Swedish firm with 8.6million UK customers after receiving more than 90 … Read more