Compare Money Transfer News - February 2010
Why Use Foreign Exchange Brokers And Not High Street Banks?
(February 28, 2010)Not many people realise that they lose a lot of money on foreign currency exchange by using high street banks. They do not consider alternative foreign currency exchange options while transferring funds abroad. There are many reasons why people just blindly consider high street banks for transferring funds and for foreign currency exchange. One of [...]
Instalment credit sees sharp jump
(February 26, 2010)The amount borrowed by shoppers through instalment credit has risen sharply and bucking the trend for other forms of credit, according to the latest figures.There was an increase of 17 per cent during December compared to the same month in 2008 as consumers sought to take advantage of the VAT rate before the hike in [...]
Instalment credit sees sharp jump
(February 26, 2010)The amount borrowed by shoppers through instalment credit has risen sharply and bucking the trend for other forms of credit, according to the latest figures.There was an increase of 17 per cent during December compared to the same month in 2008 as consumers sought to take advantage of the VAT rate before the hike in [...]
Consumers urged to check credit reports
(February 26, 2010)The impact of the recent recession on consumer credit has resulted in almost half of credit card applications being turned down last year, up by more than 10 per cent on the previous twelve months.But many people don’t realise exactly what can impact on their credit rating and their likelihood of securing credit.Not being on [...]
When to start saving?
(February 25, 2010)Britain’s young people don’t think about saving until they’re 25 – and even then, a large number don’t start putting money into bank accounts in earnest until they’re 40. That’s according to a new study by National Savings and Investment, which found that 25 is the average age at which people start saving for the [...]
When to start saving?
(February 25, 2010)Britain’s young people don’t think about saving until they’re 25 – and even then, a large number don’t start putting money into bank accounts in earnest until they’re 40. That’s according to a new study by National Savings and Investment, which found that 25 is the average age at which people start saving for the [...]
When to start saving?
(February 25, 2010)Britain’s young people don’t think about saving until they’re 25 – and even then, a large number don’t start putting money into bank accounts in earnest until they’re 40. That’s according to a new study by National Savings and Investment, which found that 25 is the average age at which people start saving for the [...]
Older generation unsure of ISA limits
(February 25, 2010)Three quarters of people over the age of 50 don’t know how much their annual ISA allowance is, according to the latest figures.New research by Co-operative Financial Services found that 32 per cent of savers over 50 also wrongly believed that they can only save up to £3,600 in their bank accounts and 22 per [...]
Prepaid credit cards perfect for holidays
(February 24, 2010)Using your credit card while on holiday abroad is one of the quickest ways to rack up heavy charges without realising – and that’s one reason why prepaid credit cards are becoming more and more popular. Preloading a prepaid credit card with local currency before you go away is a simple way of dodging exchange [...]
Credit cards head towards reckoning
(February 24, 2010)Consumers need more guidance on choosing and using their credit cards, two experts have argued this week. Speaking to the BBC, personal finance commentator ROs Altman called for central regulation of the credit card industry by a dedicated watchdog. With the average credit card interest rate standing at 18.8 per cent – way above the [...]