Vitality and Amex partner to launch Vitality Amex cashback credit card Customers earn cashback on the credit card for exercising and could earn up to £335 annually To take advantage of the 3% cashback customers should hold health and life plans from Vitality American Express and Vitality have partnered to introduce a new cashback credit […]
Tag: UK
Halifax Introduces A Variable Rate Mortgage Starting At 0.98%
Halifax launches new variable rate mortgage with an initial rate of 0.98% Mortgage rates have been dropping, but mortgagors prefer fixed-rate mortgages because of certainty in monthly payments Variable-rate mortgages are a massive gamble because they depend on the possibility of base rate dropping Halifax is taking the winter mortgage rate war to another level […]
Universal Credit Benefits Deducted To Repay Debts and Loans
Over 1 million universal credit claimants have their benefits recouped to settle debts and loans Universal credit is pushing people into poverty instead of helping them Labour Party suggests that it will scrap out universal credit if it wins the upcoming General Election Millions of families on universal credit have their benefits deducted to repay […]
FCA Partners With UK Finance To Help Mortgage Prisoners
The Financial Conduct Authority and UK Finance partner to help mortgage prisoners out of expensive loans UK Finance, FCA and other trade bodies developing a remortgaging eligibility tool to help consumers who might not benefit from the relaxation of affordability rule Unaffordable borrowing hurting consumers necessitating remortgaging to cheaper alternatives Recently the Financial Conduct Authority […]
H&T Shares Tank 25% Following Payday Loan Lending Probe By FCA
H&T Shares Tank 25% Following Payday Loan Lending Probe By FCA Shares of H&T plunge after company says it is suspending short-term loans H&T under probe regarding the affordability of the loans sold in the last six years Payday loans lenders warn that crackdown will push consumers to unregulated lenders Payday loan lenders continue to […]
UK’s Credit Rating Could Drop Amid The Brexit Fiasco
Credit rating agency Moody’s say UK rating could be downgraded amid the ongoing Brexit gridlock Anticipated general election and divisions hindering policymaking Major political parties promise to capitalize on low rates to ramp up borrowing According to rating agency Moody’s, there is a possibility of downgrading the UK credit rating. The agency lowered its economic […]
Payday Loans Lender Sunny Faces Growing Compensation Claims
Payday loans lender faces a wave of compensation claims that cost it £5.7 million in the second half of 2018 Claims management companies raising claims without the knowledge of the customers in a bid to overwhelm lenders CMCs abusing part of the GDPR as they seek to get personal data to use for profits Payday […]
Stella Creasy Says FCA Saw Collapse Of Payday Loans Lenders
Stella Creasy calls for investigation of FCA over the collapse of payday loans lenders Wonga and QuickQuid investigate by FCA and ordered to compensate customers in 2014 and 2015 FCA blamed for failing to take action on lenders despite having informants in the companies Payday loans campaigner Stella Creasy has said that the FCA saw […]
Credit Unions To Replace Payday Lenders
Community lenders could be a solution to the lenders following the collapse of predatory payday lenders Partnerships between credit unions and fintechs to benefit from the Affordable Credit Challenge Six partnerships awarded- £150 each to develop affordable lending solutions Following the collapse of payday lenders in the UK there is a need to bridge the […]
John Lewis Partnership Credit Card Offering Customers Double Reward Points
John Lewis partnership credit card offering double points this Christmas period Customers to receive £30 voucher for spending £250 at John Lewis or Waitrose Reward credit cards waning following the introduction of EU interchange fee cap The John Lewis partnership rewards credit card has boosted reward points for festive season shopping. All the new customers […]