Andrew Hagger of Moneycomms looks at the latest trends in the UK credit card market. Statistics released today by UK Finance revealed that £1.62 billion of credit card balance transfers took place in January – the highest value one month switch since March 2006. While Read More
Personal Loan rates on the up as borrowers face a credit squeeze Andrew Hagger of Moneycomms.co.uk looks at the latest changes in the consumer lending market. Personal borrowers have enjoyed record low personal loan rates and long term interest free balance transfer deals in recent years, but Read More
The latest monthly statistics released by UK Finance this morning show there is still huge demand for 0% credit card balance transfers with 622,000 transactions totalling £1.3 billion in July. Consumers may still be chasing these deals but lenders are already starting to reduce the Read More
The latest figures from UK Finance (formerly the British Bankers Association) show that total UK credit card balances stood at £64.3 billion as at June 2017. That’s an increase of £1.12 billion in the last month and more than £2 billion in the last quarter. Read More
A credit card war has erupted in the last few days with four new cards offering 42 months or more interest free on balance transfers and that’s before 2017 has even kicked off. Barclaycard, nuba and Sainsbury’s Bank have all entered the fray and launched Read More
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