en-us http://backend.userland.com/rss Your Friends @ Myvesta.org.uk (stever@myvesta.org) myvestaukblog_archive.html stever@myvesta.org 112734678504265082 BARCLAYCARD TESTS NEW CARD

Barclaycard is testing a new credit card that charges a lower interest rate to customers who pay off more of their balance each month. The new Repayment Rewards card will have three interest rates depending on how much you repay.
[Daily Mail page 49 - 21.09.05]

STUDENTS CASH RIP-OFF

Students returning to university risk being charged rip-off rates to withdraw their own money from campus cash machines. Nearly half of all UK's universities now hosts cash machines that charge for withdrawals. And more than 10pc of universities and further education colleges have more fee-charging machines than free ones within walking distance of their campus. Charges average £1.50, but can be as high as £5. Nationwide Building Society estimates that students will pay more than £4 million a year to access their own money.
[Daily Mail page 49 - 21.09.05]

CUSTOMERS GO TO COURT OVER BANK FEES

Growing numbers of bank customers are turning to court action to reclaim unfair penalty fees for overdrafts and bounced cheques. They argue fees imposed for going over unauthorised overdraft limits bear no relation to the costs incurred by banks for issuing automatic, computer generated letters.
[Daily Express page 31 - 21.09.05]

TRAPPED BUYERS

Around a million former council properties in the UK cannot be mortgaged due to the precast reinforced concrete (PRC) used in their construction. Many of these properties are marked as 'defective' under the Housing Act, unless repaired. The situation has left thousands of ex-council house homeowners trapped and unable to sell or remortgage.
[Daily Express page 40 - 21.09.05]