Myvesta UK Articles

Can you remember not having or using a credit card?

OK, I can; and I have just dated myself.

An open and honest look at why you are in the mess you are today with credit cards.

It appears the government is doing something to address the consumer’s need for help in paying back their credit card debt.

On 5 April 2006, the Office of Fair Trading announced that any penalty charge over £12 in a standard credit card contract was likely to be unfair. This led to large numbers of people being advised to ask their credit card providers for information, held as part of their old credit card statements, to find out how many times they have been charged more than £12 so that they can reclaim the difference.

Some people will tell you that even one credit cards is too many and if you have problems handling credit they are correct. However most people are able to safely handle credit cards, if they do not get too many of them.

People on 0 per cent balance transfer introductory periods may not be aware of the severe penalties a single missed payment can result in. These credit card holders could be stung with unexpected interest payments if their credit card is one of the cards that revert back to the typical APR after defaulting on a repayment."

I've been using the 0% deals for a while now as a rate tart but now that I'm debt free I've started to stooze.

Credit cards are to be withdrawn from 161,000 Egg Customers. The internet bank is writing to 7% of its customers to give them 35 days notice of the withdrawal.

With banks suffering major losses as a result of the subprime mess, cardholders carrying balances could be an easy target for immediate cash injections to the bank.