Credit Card And Related News For November 2006 -

Welcome to the latest news concerning UK credit cards and other related topics for the month of September 2006

• FSA Cracks Down On Misleading Lenders [30.11.06]
  The UK’s financial watchdog, the Financial Services Authority, is coming down hard on a number of lenders that have been found to be duping consumers looking for finance through false advertising and questionable promotions.
• Consumers Should Ensure That Their Christmas Gifts Are Covered [29.11.06]
  With Christmas just around the corner, consumers in the UK are being warned to check their home contents insurance policies to make sure that the gifts that will be in their homes are covered against theft or damage.
• UK Consumers Hit Hardest By Credit Card Fraud [27.11.06]
  A recent report has suggested that when it comes to credit card fraud the UK is the hardest hit of all of the European countries. Research into credit card fraud was carried out by the European Security Transport Association, and the association found that around twenty percent of adult Britons – equating to around seven million cardholders – had been victims of credit card fraud.
• Association Chief Offers Advice On Credit Card Fraud [25.11.06]
  With increasing concerns over the risks of fraudulent credit card transaction in the UK, experts are now offering advice to cardholders with regards to the various ways in which they can reduce the risk of becoming the victim of such fraudulent activity.
• UK Credit Card Companies To Crack Down On Late Payers [23.11.06]
  A financial professional has warned that credit card companies in the UK may soon start to take after US based credit card companies by coming down harder on those that make late repayments through increased interest rates on their borrowing.
• More than 7 million Brits are now victims in 'card fraud capital' [22.11.06]
  Researched recently published by the European Security Transport Association (Esta) has found that almost 20 per cent. of the adult population of the UK have been the target of a credit or debit card fraud. This equates to more than 7 million Brits having been the actual victims of credit card fraud in the UK.
• Majority of Credit Card Holders Comfortable with Chip and Pin Technology [21.11.06]
  Although many consumers were initially concerned about the move over to Chip and Pin technology from the traditional method of signing a receipt
• Protect Yourself Against Internet Credit Card Fraud [18.11.06]
  In a new report released after a study carried out by Barclaycard it is has been revealed that a large number of UK consumers are failing to take the necessary steps to protect themselves against credit card fraud when making purchases on the internet.
• Brits Spending Over £1.5 Billion In Interest On Interest-Free Credit Cards [17.11.06]
  Recent figures relating to the way people repay balances on interest free credit cards have shown that, despite the interest free period offered on these cards, consumers have still spent over one and a half billion pounds on interest over the last two years.
• Consumers Warned To Avoid Credit Card Withdrawals [16.11.06]
  In a recent report that has been released, consumers in the UK have been advised to steer clear of making cash withdrawals on their credit cards because of the costly charges associated with cash transactions, and minimal need to have to do this.
• Credit Card Holders Face Murky Fee Structure Future [15.11.06]
  In their attempt to claw-back some of the estimated £1 billion in lost revenue following the investigation by the Office of Fair Trading on late payment fees, which resulted in UK credit card issuers introducing a limit of £12, UK credit card issuers now look set to introduce a range of new fees and charges which will surely result in UK credit cardholders facing a murky and dangerous fee structure future that will almost certainly lead to confusion.
• UK Credit Card Issuers Look Set To Re-Introduce Annual Fees [13.11.06]
  As if the recent rise in base rate announced by the Bank of England last week wasn’t enough, it now looks as if UK credit card issuers are in the hunt to try and recoup the approximate £1 billion in annual revenue they recently lost as a result of tightening rules on late payment fees following the investigation by the Office of Fair Trading.
• UK Lenders Advance £11.9 Billion In Six Months Without Income Checks [12.11.06]
  According to research undertaken recently by uSwitch.com, the competition among UK lenders to provide Brits with loans has become so intense of late that they no longer even bother to undertake simple checks on whether or not Brits have the ability repay.
• UK Consumers Could Save On Their Cost’s At Christmas [10.11.06]
  With Christmas fast approaching, and many consumers in the UK clocking up spiralling costs on one or more of their credit cards, it could be time to start thinking about how to save money on the cost of Christmas and New Year.
• Reap Credit Card's Benefits By Repaying The Full Balance Each Month [09.11.06]
  Experts from Moneyfacts.co.uk have highlighted just how credit card consumers within the UK could benefit if they are able to use their credit cards regularly and at the same time resist the temptation to repay the balance in instalments.
• Report Suggests More Responsible Credit Card Use by Brits [08.11.06]
  Despite rising concerns about the level of consumer debt in the UK, much of which has been blamed on credit card spending, a new report has been released that indicates that Brits are using credit cards more sensibly these days, and that both the consumer and the retailer could benefit from this more responsible use of cards.
• Experts advise consumers to act fast in time for Christmas [05.11.06]
  We all know what an expensive time of year Christmas can be. With everything from the Christmas turkey to a pile of gifts and cards to purchase the costs can really add up, and this is why so many people end up charging the cost of Christmas on their credit cards.
• Specialist Credit Cards Can Help Your Credit Rating [03.11.06]
  With the levels of consumer debt in the UK soaring, it is no surprise that many households and individuals have found themselves with unmanageable levels of debt.
• Research Reveals Those Most at Risk From ID Fraud [01.11.06]
  Research carried out by credit reference agency, Experian, has found that those under 50, wealthy and who live in London are most at risk from becoming a victim of identity fraud..