Have you received credit card cheques from your card provider recently? If you have, you are certainly not alone. Thousands of UK consumers are being tempted to cash in this type of cheque without being fully aware of the costly consequences, according to ...

We all know how important it is to have a good credit rating as we often need to rely on it when we want to get a mobile contract, credit card or make a big purchase. However, worrying new reports suggest that it is in fact surprisingly easy to get a low rating just because of a few mishaps. Indeed, even missing a few payments on your mobile phone contract can jeopardise your chances of obtain...

The Citizen’s Advice Bureau has said that the majority of requests for advice it receives are from individuals struggling with personal debt. In the year up until June, the charity handled 1.7 million cases, an increase of 20% on the previous year. This equates to roughly 6,600 queries every working day. One in three of the querie...

Since the Office of Fair Trading ordered credit card companies to charge a maximum of £12 to overspending customers, companies have been making up for lost profits with a variety of charges applying to other types of spending. A recent report by consumer group Which? argued that credit card...

The latest way to spend our money is a method known as pre-paid credit cards. Imagine a pay-as-you-go mobile phone sim-card or a London Oyster card, where you can only reap what you sow and only spend what you have. The credit card is unlike any other on the market as customers can’t rack up debts. The idea is to grant people who are unable to open bank accounts or be given credit cards for va...