Robin Amlot, senior editor of AWD Moneyextra, the financial service information website, has hit out at the fact that not only are the interest rates high, the people pushing the card are often clueless about the product they are offering.…

Barrow In Furness residents are now in average debt to the tune of £19,275, up from £13,647 a year ago. Debt advisors, ClearDebt, claimed that these figures were low for the north-west region. “Our database of more than 15,000 over-indebted…

Sandra Quinn, director of communications at Apacs, said of the launch of the developed service: “As an industry we are committed to improving consumers’ understanding of credit cards and encouraging responsible borrowing.” Credit card debt can be a problem to…

According to suggestions from financial comparison website uSwitch, the problem with zero per cent interest credit cards was that banks lost control of the system, with the business being led by whichever provider offered the rate for longest. “As a…

It claims that the move will allow it to make “more accurate and timely decisions” and help create a “tailored product package” through its credit-scoring software. George Lennox, senior manager of group credit and risk at HSBC said that the…

Daniel Richardson, 22, ran up £30,000 of debt in 30 minutes on his father’s credit card while his parents were away on a long weekend. Blackburn magistrates heard that his father, Stephen Richardson, returned to find an email pointing to…

Experian, the credit monitoring company, has reiterated the impact that being declared bankrupt can have on a person or family, something that needs to be remembered as the numbers using this route grows. “Lenders are increasingly charging higher rates for…

The 360money credit card allows transactions to be viewed online or over the phone, as with most other credit cards, but the prepay system means the consumer is never borrowing or getting into debt, something 360 money says eradicates “nasty…