New figures show that British people are using cheques less and less these days, and Banks are looking to phase them out completely. Credit cards, debit cards and cash increased their market share yet again in the second quarter, with cheque payments dropping 21% on year.
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What is a clean credit file? It’s probably best to explain this by example. Let us say the date of the IVA (Individual Voluntary Arrangement) was 1st April 2005 and discharged on 21st November 2011.
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President Barack Obama has signed into law extensive new restrictions on the ability of US credit card companies to charge fees or raise interest rates.
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We all love a bargain, and great deals on personal credit is no exception. Defaqto, a leading provider of timely and accurate financial information has discovered Good deals on personal credit continue despite the credit crunch.
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Credit Card Questions and Answers
Q: I owe £5000 on my credit card and I’d like to freeze the interest I’m paying on it for 6 months until I’m settled in my new job. Is there anything I can do?
A: Yes. Look at moving to a 0% Balance Transfer Card but make sure that the one you choose has an offer that lasts for at least 6 months.
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