Britons pay £7.4bn off loans and credit cards in one month

Britons pay £7.4bn off loans and credit cards in one month as spending falls during lockdown By James Salmon for the Daily Mail Published: 22:30 BST, 2 June 2020 | Updated: 23:20 BST, 2 June 2020 Nervous households took advantage of the lockdown to pay off a record £7.4billion in loans and credit card debt … Read more

CHRISTOPHER STEVENS: Play Your Cards Right with no dolly dealers? What would Brucie say!

Alan Carr’s Epic Gameshow Rating: Ella Fitzgerald: Just One Of Those Things Rating: So many of Bruce Forsyth’s favourite catchphrases would be banned by the Fun Police today.  He could hardly bring on his glamorous assistant Anthea Redfern, as he did every week for The Generation Game, and invite her to ‘give us a twirl!’ … Read more

Virgin Money u-turns on decision to suspend credit cards

Virgin Money customers who had their credit card suspended will be able to use them again from tomorrow after bank’s U-turn Customers will be able to use their credit cards again from Saturday 9 May Their previous credit limits will also be reinstated, Virgin Money said  The bank has apologised as the suspension attracted strong … Read more

Virgin Money customers report having credit cards suspended

Customers of Virgin Money rounded on the bank after it suspended their credit cards, despite many of them not struggling with their repayments and clearing their balances in full. Borrowers have shared emails recently received from Britain’s sixth-largest bank telling them any ‘further spending on their card’ had been stopped after ‘looking at their overall … Read more

More than 40,000 cards pour in for Captain Tom’s 100th birthday as team prepare Spitfire for flypast

A postmaster has been forced to take over an empty school as more than 40,000 cards pour in to mark the 100th birthday of Captain Tom Moore as a team of aircraft restorers prepare a Spitfire for flypast on his big day. The 99-year-old, who crowdfunded £28million for the NHS by walking lengths of his … Read more

Balance transfer mix-up left my £3,500 bill on both credit cards

Balance transfer mix-up meant my £3,500 credit card bill was ‘rejected’ but ended up on both cards… and left me charged interest I’d tried to avoid Neil Seagrave, 35, applied to make a balance transfer at the start of March He thought the money had been sent from Sainsbury’s to HSBC but it wasn’t  The … Read more

Mastercard bans conversion con on its prepaid cards

Mastercard bans a conversion con on its prepaid cards which strips millions of pounds a year from British travellers Tourists are routinely offered a chance to pay in their ‘home’ currency  This process is called ‘dynamic currency conversion’  Such conversion rates are expensive, as the Mail on Sunday warned last week  By Laura Shannon, Financial … Read more

MIDAS SHARE TIPS: Tablets and debit cards… how Morses is taking doorstep lending upmarket

Simple touch: Morses Club agents use tablets to make form-filling easier Doorstep lenders are a controversial bunch, often criticised for charging too much and harassing late-payers.  Their reputation has been further tarnished by high-profile revelations about payday lenders, offering fast bucks online but forcing borrowers to pay extortionate amounts of interest in return. The payday market … Read more

How not to get hung up by your mobile phone bill on holiday from sim cards to data limits

The easiest way to avoid a whopping mobile phone bill when you’re on holiday is to switch off your device and start relaxing. But most of us will want to make calls, send texts, check emails, explore social media or use the internet to work out map directions or how to visit local attractions. How … Read more