credit

Big ticket item? Think twice about 'Buy now, pay later' offers

Tempted at the till by deals that mean you can go home with your new sofa, TV or leopard skin coat on credit? It’s great if you know you’ll pay the loan back on time, but watch out for the sting in the tail…

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Interest-free balance transfer credit card deals plummet to record lows

Credit card lenders are tightening their interest-free offers, potentially increasing the problems for those stuck in persistent debt.

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Exclusive: Wonga complaints rise by 3,000% in four years

Exclusive figures obtained by Moneywise reveal that complaints handler Resolver saw a 3,378% increase in Wonga cases between 2014 and 2018.

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Rent-to-own cap and overdraft shake-up proposed in bid to protect consumers

Consumers could be given new protections against rampant high-cost credit under proposals announced by the financial services watchdog, the Financial Conduct Authority (FCA).

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A creative genius preying on the poor

Have you ever wondered who came up with those marvellous loan products with fantastically high interest rates?

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American Express loses key court battle that puts British Airways card in the balance

The popular British Airways American Express (Amex) credit card is among those which could disappear from the UK market after the European Court of Justice (ECJ) this week issued a ruling against the card provider.

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Ban on card surcharges comes into force

Companies are no longer allowed to charge a fee to customers choosing to pay with credit or debit cards.

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Two million stuck in ‘vicious cycle’ of overdraft debt

More than two million consumers live in a cycle of overdraft debt, with banks under fire for failing to protect customers from racking up unsustainable debt.

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Bank of England rate rise seems inevitable – what happens next?

Spender, saver or investor - everyone is waiting with bated breath to see if the Bank of England raises its rates tomorrow (Thursday 2 November), as the market expects it will, and what the consequences will be.  

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Over half of Moneywise users have never checked their credit score

Over half (55%) of Moneywise.co.uk users have never checked their credit score, according to our recent poll.

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