51% of people unaware of partner’s debts

A new survey claims that over half of people in a relationship don’t know about their partner’s loans, overdrafts or credit card borrowing. In the worst cases, Experian says that some 6% admit to splitting up because of arguments about finances. The findings also reveal that relationship breakdowns caused by financial worries are most common […]

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How will you finance your 2014 Christmas spend?

With less than four weeks until Christmas, if you’re thinking of taking out a new credit card to help ease the festive financial burden, you’ll need to get your skates on. We’re not advocating that you should go on a shopping binge and then worry about paying for it later, but if as for many […]

Regulator concerned that credit card deals are too complex

The Financial Conduct Authority (FCA) is to take a closer look at the credit card market as it feels that it isn’t working in the best interests of all customers. More than 30 million people in the UK have a credit card but the regulator is worried that products are too complicated and that there’s […]

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Cyber-attacks becoming a growing problem for smartphone users

According to a new report from Experian Cyber phishing emails and other forms of cyber-attack are becoming more prevalent as people rely more on the latest smartphones. The real worry is that many consumers are vulnerable to internet criminals with 60% of smartphone users and almost half of tablet users admit to not having any […]

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More customers turning to online banking

A new report shows that an extra four million adults are interested in carrying out their banking online for the first time Statistics released this week by the Payments Council found 70% of people who could use online banking to run their main account already do so, while a further one in ten would be […]

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New charges cap on payday loans

A limit has been introduced; restricting the amount payday lenders can charge borrowers from January. The Financial Conduct Authority (FCA) has stated that Interest rates will be capped at 0.8% of the amount borrowed per day and that no customers will have to pay back more than double the sum they borrowed. In addition to […]

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New low rate Credit Cards from Lloyds Bank and the Co-operative Bank

Two new long term low rate cards were launched this week from Lloyds Bank (Platinum) at 6.4% APR variable and The Co-operative Bank with 6.9% APR fixed for three years. Andrew Hagger, personal finance analyst said: “If you’ve got a card in your wallet that charges a low standard interest rate, there’s less financial impact […]

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First Time Buyers facing higher mortgage costs

The cost of finance for customers with smaller deposits has hit a new high, according to a new report. The research from Genworth  shows that the cost of mortgages between 75 and 95 per cent loan-to-value (LTV) is at a nine year high as banks charge first time buyers and those with a small equity […]

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