UK credit card holders will transfer over £7 billion between cards in 2009 to take advantage of introductory interest rate offers.
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Credit Card News
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Large numbers of outstanding credit card debt and mortgage debts held by individuals in the UK is leading to busy times for collection agencies, it has been suggested.
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A new anti-fraud system for credit card customers has been unveiled by a UK-based bank. HSBC announced that all customers would now have their transactions screened in real time.
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Credit card providers are pushing through increases in charges and interest rates, further putting the squeeze on financially strapped consumers.
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The Office of Fair Trading has announced it will investigate the growing practice of offering “payday” loans, to see if they constitute irresponsible lending.
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