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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UK personal debt just keeps rising

“The only sure things are death and taxes” – or words to that effect – might be quite accurate, but for most adults in the civilized world another sure thing could be added, and that is debt. Most of us owe a little or a lot of money at some point in our lives, and that’s perfectly acceptable up to a point.

According to the UK

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Balance transfer customers are missing payments and adding to their debt

TotallyMoney.com has released the findings of their latest research which claims that 25% of the total number of people who went after cheap balance-transfer credit cards, have missed at least one monthly payment in the past year. In most of these cases, they have to pay an interest fee of around 20% per year, in addition to their already debts.

The research was conducted after Barclaycard

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Families can easily save £100 on this years summer holiday by knowing where to look

By simply avoiding holiday spending traps, families will be able to save as much as 100 pounds this summer. A wide range of excess fees can be due to shopping and meal out during a trip abroad. The total amount varies depending on the type of financial medium you use such as cash, debit, or credit card. As you know, different banks impose different charges

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The big debate over whether students should have a credit card rumbles on

Should students today own a credit card? This is actually one of the biggest financial questions that parents and students face. In the 21st century, credit card has significantly affected the life of many people. We basically use credit card in shopping online or even paying bills. For a student who will be heading off to the university, having a credit card is just normal.

Vincent

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People still receiving scant advice when it comes to investing

Millions of people are receiving little or no guidance regarding their investments, what with radical reforms being brought in to up financial advice and wipe out mis-selling. With the Retail Distribution Review (RDR) coming into effect in Hogmanay, the big names in the banking industry are apathetic towards branch-based advice.

Financial advisers have left the industry or are walking out on clients considered insufficiently affluent. Clydesdale

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Devaluation of the pound means holidays costlier this year than last

The devaluation of the pound against other currencies of the world, especially the ones which are used in the popular tourist destinations, could mean hard times for the holidaymakers. These destinations in Europe, Thailand and the Caribbean that are frequented by British tourists will be costlier for them to visit as a result and overall sterling has taken a dip in exchange value against nearly

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Bad weather does nothing to relieve triple dip recession worries

Economists are worried that more bad weather extended into the early spring months could increase the risk of a triple dip recession. Chief UK economist for Global Insight, Howard Archer, stated that bad weather is always bad news in the UK economy and the last tide of bad weather that just hit is really bad news for an economy that is already fighting an uphill

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PPI row rumbles on

The payment protection insurance scandal has already hit most banks pretty hard forcing them to spend upwards of £12bn. Millions of customers were affected by this scandal, but now there is a new angle to the scandal as borrowers are finding just how much they have spent on insurance schemes designed to help protect their credit card debt.

Most of the PPI scandal has been focused

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Adults blame parents for their financial difficulties

According to the latest research, more that half of Brits in their late 20’s and early 30’s believe their parents are to blame for their financial problems due to not teaching them how to handle their personal finances effectively. This study comes on the back of the news that financial management will be introduced to the national curriculum, and the adults who took part in

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