addicted to credit?

Credit was designed as a matter of convenience so you could make large purchases without running the risk of being whacked on the head and robbed because you were carrying a large wad of cash. Credit wasn’t intended as a way to extend your earning power. Yet so many options are open to us these days on credit. Let’s take for example, Mobile Phones, Credit Cards, Personal loans and Catalogues.

So how do you know if you are addicted to credit? Well, do you find yourself applying for credit you really don’t need? If you already have available credit and spot a new credit card which isn’t offering you a great deal, would you still apply? It’s always great to have an extra avenue of credit available, however, it’s easy to start relying on credit.

So what’s the purpose of all this?
Well, to see if you are using your available credit wisely why not take your credit cards out of your wallet and put them somewhere safe such as in a home safe etc. See if you can last without the temptaion of using them or applying for credit on “buy now pay later” for example.

If you are using an overdraft or taking cash advances often then thing’s aren’t looking too great, but you can still get yourself back into shape.

We all start of with good intentions of paying off our bills in full each month, however, the more credit we take, the more we have to spread these payments. Eventually, one small credit card repayment becomes several on top of any other agreements you may have.

Credit is not a bad thing, if you used wisely. If you can afford to pay for something with cash is it really better to leave it in your savings account and use the credit card?

Sure, you get a lot of extra protection and warranty when you pay by card but once you start making just the minimum repayments then you can easily end up in the credit addiction.

You probably don’t need us to tell you that Credit can lead to family break ups and a lot worse, however, using credit sensibly can help us buy today and pay later.

Just remember, circumstances can change, always try and live within your means, if your outgoings are exceeding your income, it’s not wise to take on extra credit, instead get some advice with your local citizen advice service. There are a lot of options available to you, Credit is not always the answer!

more people lying in an attempt to obtain credit

 

More people are lying on applications to obtain credit says UK fraud prevention service Cifas.

The group says that more people have been lying on application forms for loans and credit cards to try to cover up a poor credit history.

Cifas compiles its figures from 270 member organisations across the banking, credit card, mail order and telecommunications industries among others.

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Lies on application forms have risen by 13% from 19,239 in the first three months of 2007 to 21,780 in the first quarter of 2008.

The most frequent lie, according to Cifas, was failing to disclose a previous address where the applicant had a poor credit history.

According to reports, such lies were counter-productive and those suspected of giving flalse information were unlikely to obtain credit anyway.

bt credit card

The BT Visa Credit Card gives you 0% p.a. on card purchases* for 12 months from the date your account is opened AND 0% p.a. on balance transfers for 3 months (3% handling fee applies). 16.9% APR typical (variable).

Plus, unlike some other lenders, we guarantee that if your application is successful the rate you apply for is the rate you’ll get - no exceptions!

There is no annual fee to pay and no liability or excess to pay for theft, loss or fraudulent Internet use - as long as you tell us as soon as your card cannot be found or you notice any unusual transactions on your account. On top of that, there is a free 24-hour worldwide telephone helpline and online banking service that provide control and flexibility in managing your account.

BT Visa Credit Card.
Great promotional rates on balance transfers AND card purchases.

Click here to apply for the BT visa credit card issued by MBNA

*See summary box for details of how payments to the account will be allocated

Capital One Credit Card

Have you had Problems with credit in the past and finding it hard to get accepted for credit now? If you are trying to rebuild your credit then the Capital One Classic Card could be the perfect partner. If you have been rejected elesewhere and you want to improve your credit rating, using a Capital One classic Visa credit card could help. By making payments on time each month, you can go some way to rebuilding your credit score!

The Capital One Classic card will consider customers who may have been turned down elsewhere, as long as you are over 18, can afford the repayments and are not registered on any Credit Fraud Files such as CIFA your application could be approved in less than one minute.

Credit limits range between £200 and £2000 with an Typical APR of 34.9%

You can even select one of eight designs.

 Click here to read more and apply online for an instant decision

** Please remember, keeping up repayments can help to build your credit score **

Barclaycard OnePulse credit card

   0% interest on purchases for 6 months from account opening

In-built Oyster card for the easiest way to travel around London

Go cashless with OneTouch payments a new and quick way to pay for purchases of £10 and under

Click here to apply for the Barclaycard OnePulse credit card here.

Go cashless with OneTouch payments a new and quick way to pay for purchases of £10 and under

mbna business credit card

  MBNA Business Card with Cashback

• 0.5% cashback on all card purchases** plus double cashback on fuel purchases
• 0% p.a. on card purchases for a full 6 months from the date your account is opened
• 4.9% p.a. on balance transfers and credit card cheques for a full 6 months from the date your account is opened (2.5% handling fee applies)
• Standard Annual Rate of just 17.9% p.a. (variable) plus a yearly membership fee of just £29
Benefit from specially negotiated discounts - designed for the needs of your business
FREE online account management - view your balance, credit limits for each cardholder and your last thirteen months’ transaction history online, all from the comfort of your business or home
Up to 57 days interest free on card purchases when you pay your statement balance in full and on time every month

**Terms and conditions apply to cashback. Full details will be sent once your account is opened

Vanquis - Visa Credit Card

 Rebuilding your credit? The Vanquis credit card has been designed to help people who are rebuilding Credit.

People who should consider the Vanquis credit card

• The Vanquis Visa Card is available to people who have had CCJs (now cleared) or credit problems in the past with a credit limit designed to suit your personal needs - 39.9% APR.

Vanquis considers every application on its own merits, so we encourage you to apply even if you have had credit problems in the past.
Apply online for a response in 1 minute!

No annual fee

Up to 56 days interest free on purchases

Free additional cardholder

Free fraud monitoring - we’ll warn you of any suspicious activity on your account

Chip & PIN technology for added security whenever you use your card

Visa is widely accepted in the UK and abroad

Convenient for paying online and over the phone

Apply here for a Vanquis Visa

credit cards are too hard to compare

Are you finding it too hard to compare Credit Cards?

According to reports out today, Credit Card companies should be doing more to make it less confusing for us when comparing credit card deals.

The office are fair trading has also recomended that the FSA (Financial Services Authroity) should launch their own credit card compare service.

Around 70% of credit card holders don’t bother to shop around and therefore could be wasting money. The report follows a complaint from Which! about the way card companies calculate interest payments.

global economy credit crunch

The global economy could deteriorate further in the wake of the global credit crunch, a meeting of the G7 group of wealthy nations has warned.But the group pledged to act individually and together to promote stability and growth.

It also urged banks to disclose all their losses and bolster their balance sheets to help stabilise markets.

The group’s statement came after a day-long meeting of ministers and central bank governors in Tokyo.

“In all our economies, to varying degrees, growth is expected to slow somewhat in the short term,” it said

capital one classic card

Been refused a credit card? The Capital One Classic credit card  is ideal for customers looking to strength their credit rating. Credit limits range from £200. (Typical APR 34.9%).

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