Credit Cards News

Fri 7th Oct 2005 Myvesta UK has launched a new credit card optimiser, which is designed for people who are finding it difficult to manage their debt.The system works by analysing a customer's debt, and then suggesting the cheapest and quickest way to pay this off using a number of credit cards.Steve Rhode, chairman of Myvesta, explained the strategy behind the system: "Send the largest payment to ...

People struggling to pay off credit card debts have been offered a helping hand, in the form of a new plan designed to see them pay less, and clear their debts faster. The new system is based on the simple and sound advice of paying off the most expensive debts first - something that seems obvious, but can be hard to calculate. Now Myvesta UK, a not-for-profit money management organisation, has  ...

Simon Moon, This is Money5 October 2005 JUST what is credit card company MBNA up to? It has introduced annual fees for some of its customers, but refuses to offer any explanation. OTHER STORIES Banks rake off £4bn in loans con Card blow hits sporty youngsters Debtors given one final warning Barclaycard rate rise attacked Nationwide scraps 0% balance transfers CREDIT &#038 ...

When Barclaycard said on Monday it would lift interest rates for its credit card holders by up to 2 percentage points, it demonstrated the pressures faced by card issuers in the UK. // A slowdown in consumer spending, and a simultaneous rise in defaults as over-indebted consumers try to absorb higher fuel prices, are combining to reduce the outlook for interest-payment revenues for the credit card industry. On top of this, the Office of Fair Trading and the Competition Commission have dealt tw ...

Michael Clarke, This is Money3 October 2005 NATIONWIDE has become the first major UK credit card provider to scrap 0% interest free deals on balance transfers from other cards. WANT TO KNOW MORE? DEAL FINDER: Credit cards BOARDS: Discuss card deals OTHER STORIES Barclaycard rate rise attacked Man sells his life on eBay Debtors given one final warning The real co-operative banks P ...

A NEW product unveiled today that has a credit card and loan facility in one has been given a cautious welcome. The Post Office has boosted its personal finance offering, with the launch of a "two in one" credit card, which brings together a 0 per cent plastic card borrowing with a low-cost loan. It has an introductory six-month interest-free period for balance transfers and purchase, after wh ...