The cashback offer has the potential of cutting an APR from 6.9 per cent to a far more impressive 5.3 per cent. But, according to Nick White, uSwitch’s head of personal finance, the fact that the cashback is only paid…
Continue reading the "HSBC loan is ‘phantom offer’ for many" »
Roz Cross got into financial trouble after taking two months off from work when diagnosed with cancer of the spine. Although she had been servicing her debts before her sudden illness, the Daily Mail reports that arrears built up to…
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As banks prepare to pour onto campuses with freebies ranging from iPods to five-year railcards, Frances Walker, of the Consumer Credit Counselling Service (CCCS), warned students not to be tempted by gifts over better saving deals. “Students should shop around…
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A study for Ernst & Young has concluded that the average household has ten per cent less disposable income than in 2001 due to rising debt, bills and taxes. “Increases in average mortgage payments, coupled with rising fuel prices and…
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As part of the bank’s bid to encourage responsible borrowing, anyone repaying their loan in full by the due date will receive 25 per cent of the interest paid back, regardless of loan size. Joe Garner, head of UK personal…
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Through its Financial Skills for Life programme, young parents, care leavers, mental health service users and refugees have been trained to be better equipped to head off potential debt problems. “Many people have poor financial skills and it is in…
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Higher education minister Bill Rammell announced today that potential students will be able to apply for loans that should be clearer, faster and more accurate. “The student finance service needs to be as simple and accessible as possible to students,…
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Anyone using the shop @ Argos card will find that the debt on it will build up and that they must repay the money owed at a massive rate. It is provided by Provident Financial and can only be used…
Continue reading the "Argos Store card charges 223% APR" »