Generation Y Take Most Risks Besides Bank Account Fraud Concerns

YouGov research commissioned by Equifax reveals the ‘fraud fear factor’ across the generations as 5.1 million online fraud incidents and 2.5 million cybercrime offences added to annual crime figures for England and Wales**
www.equifax.co.uk

New online YouGov research commissioned by Equifax*, the credit information provider, reveals that Generation Y, whilst probably being the most technology-savvy, seem to be the most blasé about protecting themselves from financial and

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Credit card usage set to soar over the Christmas period

It should not come as too much of a shock that credit card usage numbers went up during the Christmas season as many Brits turned to their plastic to help finance their Christmas gifts. According to figures, about a third of all people used plastic in order to buy their presents adding to their total debt while another 13% chose to overdraft or take out

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Shake up expected in banking

Under new European plans to scrap or cap the fees which underpin the system of paying with a card, we could see the end of free banking. Experts are warning that the planned reforms could lead to consumers paying for using a credit or debit card, with such things as interest free periods, rewards and cashback quickly becoming things of the past.

The representative of the

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Halifax offers to pay their first time buyers stamp duty

The high street bank Halifax, which is part of the Lloyds Banking Group, partly owned by taxpayers, has announced that it will pay up to a maximum of £2500 to cover the cost of stamp duty on properties purchased through them with a value of between £125,000-£250,000. This follows on from their similar offer last year when the government brought to an end its stamp

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Sainsbury Bank offers two card options

Two new credit cards have been introduced by Sainsbury Bank. These new cards not only provide the feature of attractive interest rates but also a reward scheme which makes them distinct from others. The cards on offer have the cash back option and another option in which every purchase gives the card holder Nectar points to be redeemed later on. APR in both cards is

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The Fry Group launch first free finance app for smartphones

The Fry Group launch first free finance app for smartphones

It has been noted that many clients would be more than happy if they had the ability to access news and financial tools from their smartphones and other mobile devices. With this in mind The Fry Group, a specialist financial adviser, has just announced the launch of their first free app that will include a

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Crackdown planned on the payday loan sector

Consumer campaigners are asking that a crackdown occur in order to make the credit industry much more accountable for their actions after finding out that about 25% of those who take out payday loans at high APRs do so in order to pay for other debts.

Watchdog group Which? explained that many borrowers that cannot receive any credit from mainstream sources become so credit for extra

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Business mobile payment service set for the UK in 2014

Due to the agreement of banking and funding associations that embodies 90% of the present accounts; UK’s first business-wide mobile payment service will be launched in the spring of 2014. At present, eight finance groups already gave their word to cater the service, which will be done without disclosing the users’ account information. More discussions and meeting are being held in order to encourage others

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It’s cash only in Vatican City

If you are planning to visit the Vatican, you might want to bring some cash because they don’t accept American Express, actually, they don’t accept any credit card. You can’t use an ATM either because all the ATM machines are experiencing a power failure so you need to bring some cash with you.

On Wednesday, January 2 2013, most establishments in the Vatican decide not to

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Number of new mortgages drops as double dip recession gets ever closer

Even though a two-year peak was seen in September, over the course of last month the amount of gross mortgages declined, adding to the experts concerns that house values are going to start to fall again as the economy in Britain continues to weaken.

New figures released from the Council for Mortgage Lenders (CML) reveal that gross lending for the commercial mortgage and home mortgage market sat at

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