January saw all extra charges for using a credit or debit card banned in the UK in a bid to stop consumers being charged unnecessarily for using plastic.
However, it seems that the well-meaning legislation brought in by the government could have backfired.
Over half of British consumers are reluctant to ask their credit card provider for help if they fall into debt, due to feeling there is a stigma attached.
Despite general advice on debt suggesting that benefits can be had by seeking assistance, 52 per cent of consumers in the UK were found to shy away from talking to their credit card company.
The first day of this month saw a meltdown for Visa as many card payments failed across the UK and Europe. The company has since…
As the holiday season arrives, British consumers have been found to spend up to a quarter of their disposable income on holidays throughout the year…
The Financial Conduct Authority (FCA) has announced planned reforms to overdraft charges, rent-to-own operators, and doorstep lending. However, the financial watchdog faces criticism that it…
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