Credit card borrowing in the UK soared in November to its highest monthly level since 2004 amid mounting pressure on households from the cost of…
View More UK credit card borrowing soars to highest monthly level since 2004Tag: Credit cards
How to get a grip on your personal finances in the new year
Are your finances feeling (even more) fragile as a result of Christmas spending? It’s been a really tough year financially for millions of people, and…
View More How to get a grip on your personal finances in the new yearBank of England interest rate rise – what it means for borrowers and savers
The Bank of England has once again raised interest rates – this time by 0.5 percentage points – taking the base rate to 3.5%. This…
View More Bank of England interest rate rise – what it means for borrowers and saversWorried about bills? Here’s a financial survival plan
This week’s bumper interest rate rise will further turn the screw on many households by pushing up borrowing costs, just as soaring food prices have…
View More Worried about bills? Here’s a financial survival planWhat does the Bank of England interest rate rise mean for you?
The Bank of England has voted to raise interest rates by 0.5 percentage points to 1.75% as the UK battles to prevent inflation running out…
View More What does the Bank of England interest rate rise mean for you?Bank cards: where have all the numbers gone?
First there was the contactless revolution; now credit and debit cards are going numberless. Increasingly, banks are relegating information such as the 16-digit long number…
View More Bank cards: where have all the numbers gone?UK credit card borrowing rises at fastest annual rate for 17 years
Credit card borrowing is rising at its fastest annual rate in 17 years, the Bank of England said on Tuesday, with analysts warning a recession…
View More UK credit card borrowing rises at fastest annual rate for 17 yearsBritons cut spending on streaming services amid cost-of-living squeeze
Britons slashed spending on subscriptions to services such as Netflix and Disney+ in April as cash-strapped households made cutbacks where they could, card transactions show.…
View More Britons cut spending on streaming services amid cost-of-living squeezeKlarna to start reporting UK customer debts to credit agencies
The buy now, pay later company Klarna will start reporting UK customer debts to credit agencies for the first time next month, in a move…
View More Klarna to start reporting UK customer debts to credit agenciesBritons slow credit card spending and increase savings – for now
Borrowing on credit cards and short-term loans slowed in January to its lowest growth rate since September 2021 as the Omicron variant discouraged consumers from…
View More Britons slow credit card spending and increase savings – for now