Payday loans: bishop hits out at ‘sinful’ interest rates

Saturday, May 12th, 2012

The bishop of Durham has described the interest rates charged by payday lenders as sinful and usurious, but says they are the only resort for many families desperate for money.Citing the 4,214% APR charged by the UK's highest profile short-term lender Wonga, the Rt Rev Justin ...

Consumers could return to tapping credit card debt in next five years

Friday, May 4th, 2012

In the last several years, the nations top lenders have seen consumers attitudes toward credit card debt change considerably as a result of the economic downturn, but some expect borrowers to start moving toward their old habits in the next few years. Between 2007 and the end of ...

The problem of currency exchange can be solved in several ways

Thursday, April 26th, 2012

Travelers often use different currencies, so foreign currency exchange is a familiar activity. Around the globe, there are literally dozens of different currencies. Learning some tricks of exchange may help you make the most of your saving. There are some key methods to exchange money. First of all you can use ...

The interest-free credit card trap snaring unwitting borrowers

Friday, April 13th, 2012

Credit card companies are using "shameful practices" to maximise profits from customers on interest-free balance transfer deals, the managing director of a bank has claimed.Brian Cole, of Capital One in the UK, the bank that first introduced zero-interest balance transfers to Britain ...

Are you aware of the qualification criteria for a debt settlement?

Thursday, April 5th, 2012

Debt settlement is a viable option to eliminate your financial woes and attain a debt free life. But are you aware that it is not easy to hire the services of a debt settlement company as you are required to qualify for a debt settlement? Before seeking debt settlement ensure ...