There are a number of different ways that a person can easily get into debt, and possibly the worst way to fall into debt is with a credit card cheque.
Each year credit card companies send out around 144 million of these credit card cheques to just 18 million credit card holders.  Often these cheques will […]

Payday loans can be a convenient way for someone to obtain cash if they require the money instantly and are waiting for funds from their next pay cheque to come in.  If an emergency arises where you need cash, a payday loan is a quick solution, however before you choose to use a payday loan, […]

There are so many ways that people can fall into debt, whether it be through credit cards or bad investment decisions, possibly the worst type of debt is through credit card cheques.  There are several credit card companies sending out millions of cheques every year and are most commonly attached to your monthly statement.  These […]

Many people are turning to their credit cards to help pay utility bills and consolidate their other loans. This is forcing them further into debt. The credit card companies have promoted credit card schemes as positive methods of reducing debt. However, the hidden fees will sink any card holder into insolvency.
The balance transfer con is […]

The British Bankers’ Association (BBA) has announced that the one millionth basic bank account (for people who did not have a bank account) has been opened. According to the BBA, basic bank accounts ‘ are designed for people who might not meet the banks’ criteria for opening a standard current account or who want to […]

There is concern that banks do not offer their customers full disclosure when they issue credit card cheques. The government is worried that consumers will misunderstand the cheque’s purpose, or the fees attached to its use.
Members of the payments trade association, APACS, have agreed to print summary boxes on leaflets and letters sent out […]

From the end of September 2006, people who make cheques out only to a bank or building society may have their cheques declined. Banks and building societies now suggest that the name of the beneficiary and their account details should also be included. This is part of a series of measures to combat fraud. Including […]