keeping up appearances

 

As many as 15 million Britons are using credit cards and loans in the struggle to keep up appearances as they mistakenly consider themselves to be middle class.

New research from Moneysupermarket.com has shown that around a quarter of the UK population are so desperate to live up to the middle class ideal that they are mounting up debts of almost £13,000 per person.

According to the research, 6 million Britons purporting to be middle class earn as little as £15,000 a year. The average annual income for working class households is £23,000, whereas middle class families earn an average of £33,000. This gap illustrates how wrong 6 million Brits are in classing themselves as middle class.

As a result of lower earnings, millions of actual working class Brits are turning to unsecured credit and loans in order to keep up with their middle class peers. The research showed that although many turned to secured credit, 2.7 million had resorted to unsecured loans or credit card debt, with a collective secured and unsecured debt of £35 billion.

 

sorry your application was rejected.

 

Sorry, your application for a credit card was rejected. Sound familiar? Credit card companies are rejecting 18,000 applications every day as they continue to tighten up on risky lending, according to research from MoneyExpert.com.

According to reports, more than 3.24 million card applications have been declined in the past 6 months, even more evidence that Britains love for credit has been ended in fast fashion from lenders.

MoneyExpert has voiced concern that these millions of rejected applicants – more than for any other form of credit – are harming their credit record, and suggests that each potential credit card customer get a free credit report and consider the strength of their credit rating before applying.

MBNA Platinum Rewards

 Have more with MBNA! The MBNA Platinum Credit Card now gives you 0% p.a. on balance transfers until your statement date in August 2009 (2.9% handling fee applies) AND 0% p.a. on card purchases* until your statement date in October 2008,15.9% 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. MBNA Platinum Credit Card. Long promotional rates on balance transfers AND card purchases. 

Click here to make your application and get a decision usually within 60 seconds.

Cosumer victory a year on

This April will mark a year since the Office of Fair Trading (OFT) forced providers to reduce their fines for late or missing credit card payments from £20 plus to £12. But whether ot not this amounts to a ‘victory’ for the consumer, is questionable. Since then credit card companies have been sneakily introducing new credit card fees and increases to rates in a bid to recoup around £1bn in lost revenues.

living beyond our means

The credit crunch has started & yet it appears according to Uswitch the online comparison website, one in ten of us are living beyond our means. The website claims that a fifth of adults have no money spare at the end of the month.

   People living beyond their means often rely on overdraft and/or credit cards to make up the shortfall.

The average income is £2,607 each month of which £1,229 is spent towards essential items. Debt repayments on average are well over £300 and Non essential items use on average £865 per month. The average consumer had just £157 left by the end of each month.

Some customers could help lower monthly repayments by switching to a 0% balance transfer credit card or a personal loan. If you are living beyond your means, debt management could also be a solution to help make things easier.

airmiles duo credit card

 Redeem Airmiles for flights on over 100 airlines, hotels, holidays and a wide range of leisure activities.

Co op credit card

think credit card from The Co-operative Bank The new think credit card from The Co-operative Bank offers a range of financial and ethical benefits that make a tiny difference to the world every time somebody uses it. It’s the perfect credit card for people who think about the bigger picture – but also want a good deal from their credit card. What Customers get when they think: • Half an acre of Brazilian rainforest purchased and protected in your name when you transact on your credit card for the first time, plus a contribution of 25p will be made to Cool Earth for every £100 spent on the card • a special rate of 7% pa on products bought from Co-op ethical partners, for 6 months after each purchase – usually 14% APR typical/variable • 7% pa on balance transfers for 6 months from the date of each balance transfer • no annual fee • up to 59 days interest free credit.* The thinking person’s credit card By customers doing their bit to help protect the environment and rewarding them for being more ethical in their purchases, The Co-operative Bank’s think credit card helps people make a little difference as they go about their day-to-day life. It’s got to be worth thinking about.

adverse credit

 Welcome to our adverse credit section, providing information and services from selected companies that have been designed especially for people with a low credit score or with adverse credit eg (ccjs, defaults or missed payments).

It can happen to anyone at any time, missing payments on your credit agreements can have severe Consequences on your credit file. You can find out why high street lenders may be rejecting your application by having a look at your credit file, (We have teamed up with Credit Expert from Experian to offer a 30 day free trial).

Credit4everyone work with a number of companies that take an alternative look at your situation and your circumstances. For example, people who work part time or have a low income could still qualify for an unsecured personal loan with Provident Financial Services.

      £50 - £1000 personal loans
Provident Personal credit offer personal loans ranging from £50 to £1,000. All repayments are collected from the comfort of your home.

Customers who are rebulding their credit (for example, customers who had previous CCJs which are now paid) can also find it hard to find a company willing to offer them services. Vanquis, offer a credit card facility to such customers.

   The Vanquis Visa credit card
Vanquis back their credit card with high quality customer support and each month you will receive a statement clearly detailing your every spend (making it easy for you to keep track).

We are always adding new products and services to our website, if you cannot find what you are looking for please search here.

Virgin Money - Credit Card

  Great Rates on the Virgin Money credit card

Get a credit card that gives you 10% off at Virgin Megastore, Virgin Holidays and other great deals. 0% p.a. on balance transfers for 15 months and 0% p.a. on card purchases for 3 months. Handling fee of 2.98% applies. Typical rate 15.9% APR (variable).