In a survey conducted by confused.com, it has been revealed that a combined total sum of £150 million is being overspent on tardy payments by holders of credit cards. The late payments incur charges, meaning that many credit card users are actually making payments of a sum much higher than is necessary. It has emerged [...]
Posts Tagged ‘credit card’
Six Million Carry Long Term Credit Card Debts
Over six million UK credit card users have had an outstanding balance on their card for a year or more according to research carried out by moneysupermarket.com. In the survey 14% of respondents stated that they have had debt on their credit card for a period of more than five years. The research also found [...]
Banks Leaving Customers in Dire Poverty
UK high street banks have been accused of leaving some customers in ‘dire poverty’ after taking money out of their accounts without permission. Currently banks can move funds between different accounts belonging to the same person without giving prior notification. This practice, known as ‘setting off’, typically involves banks moving cash from a current account [...]
Non Payment of Credit Card Debt may lead to loss of your home
Many homeowners who contact us with major debt problems are very surprised to learn that it is legally possible for an unsecured creditor (personal loans; credit cards; overdrafts; store cards etc) to get the debt secured against their home and that, in certain circumstances, the creditor can apply to have the property sold or repossessed [...]