For many of us, credit cards pose as a ‘saintly saviour’ to let you use money you don’t have yet – then quickly become ‘the devil’, when you realise how they are designed to extract as much money as possible from us.
We’ve all been there. You arrive at the till clutching your goods, ready to pay, and the
bubbly shop assistant asks: ‘Would you like to save 20% on all your purchases today?’
After all – who would say no to saving money?
‘It’s simple,’ they say, ‘just fill out this form’. Then before you know it, you have received the discount off your purchases and possibly not even had to pay for them on the day. You have walked away with a card that allows you to spend in store now, and pay it back later.
What can you do about a credit card provider who chops and changes their offering? It’s never in a way that benefits you, is it? The Government says that something should be done. They reviewed credit card lending practices in the UK and criticised the practice of what’s known as “risk-based debt repricing”. That’s when [...]
It’s the new year, and at this sort of time many of us find ourselves trying to deal with credit card debts or loan debts that have become unmanageable. Perhaps Christmas became costlier than expected, or the continuing recession is taking its toll on your finances. In this situation you may be unsure of where [...]
Turkey on tick? Crackers on a credit card? Presents on a payment plan? Ideally, we’d all have saved up well in advance for our Christmas shopping this year, but it’s been a hard twelve months for many families. The reality is that many people will look to borrow in order to make Christmas a better [...]
You really want a credit card… but why does it have to be so difficult to get one? Not long ago, it seemed that card issuers were distributing credit like confetti. The doormat would be covered with offers brought in every post: pre-approved credit limits, and interest rates low enough to tempt you into additional [...]
