New FSA rules force financial firms to reveal complaint numbers
Posted by Cashzilla in Uncategorized, banking, credit cards on 29. Jan, 2010 | 1 Comment
Image via Wikipedia
Under new Financial Services Authority (FSA) rules, financial firms who collect an excessive amount of complaints against them are to be named and shamed reports MoneySavingExpert news.
Over a six month period companies who receive 500 or more complaints will, under the rules, have to publish the numbers of complaints twice a year so [...]
The easy way to a cleaner credit card
Posted by Cashzilla in credit cards on 28. Oct, 2009 | No Comments
Image by Getty Images via Daylife
Not something I have ever really thought about before, but I just stumbled on a post on LifeHacker about How To Clean Your Credit Card and I guess it does make some sense if you are someone who constantly has to get a replacement card because the magnetic strip keeps [...]
Online pricing practices get OFT attention
Posted by Cashzilla in banking, credit cards, insurance on 15. Oct, 2009 | No Comments
It has just been announced that the Office of Fair Trading (OFT) will be investigating online pricing practices.
It’s been a long time coming and will lead to major changes for those seemingly ‘white knights’ of the finance world – the price comparison sites.
Image by –Tico– via Flickr
In the finance world, there is a little known [...]
Anthem for doomed youth
Posted by Cashzilla in credit cards, housing, insurance, lifestyle on 13. Aug, 2009 | 1 Comment
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It seems as though everything just keeps getting worse and worse for the 20 and 30 something generations.
As I look around at the economic landscape I just have to dispair these days. On the one hand the government suggests a bright future with great high paying jobs available for all graduates, and [...]
Maestro not good enough for Google Checkout
Posted by Girdfossil in banking, credit cards on 24. Jul, 2009 | No Comments
Google Checkout is a similar proposition to PayPal. You can use it to act as a middle man between your bank and the site you’re shopping at. Whereas many people use this as a handy way to pay without having to fish for their credit or debit cards there is also the handy security benefit [...]
Tories label bank charges as unfair
Posted by Cashzilla in banking, credit cards on 22. Jul, 2009 | No Comments
It seems pressure is increasing to overhaul bank charges throughout the UK, and the latest group to brand the charges as ‘unfair’ is actually the Tory party!
This call by a major political party came in a white paper on the subject of banking reform, not only criticised bank charges, but also stated they would force [...]
Visa slaps teen with $23,148,855,308,184,500.00 bill for a prepaid card
Posted by Girdfossil in credit cards on 15. Jul, 2009 | No Comments
Interesting news stalwart Cory Doctorow at BoingBoing is to be thanked for bringing this to our attention. Visa have recorded a $23,148,855,308,184,500.00 charge on a prepaid card.
The Consumerist, who broke the story, point out that’s 2,000 times larger than America’s national debt of $11 trillion and that the ever-vigilant billing team at Visa remembered to add the $20 charge for being in the red. Yes; the card was also suspended.
Prepaid cards are an interesting idea. They work in a very similar way to credit or debit cards except you can only spend the balance that has been assigned to the card. In theory this means it is impossible to run in to debt (as there’s no overdraft option) and therefore ideal for giving to teenagers.
Don’t let the bank use the postal strike as an excuse to take your money
Posted by Cashzilla in banking, credit cards on 15. Oct, 2007 | No Comments
Usually receiving emails from financial organisations are about as useful or welcome as a punch on the snout, however a recent one I received from Moneynet could prove a worthwhile reminder.
“There is nothing more annoying than being penalised by your credit card company for paying your bill a couple of days late but millions [...]
Warning – credit cards can damage your wealth
Posted by Cashzilla in credit cards on 11. Oct, 2006 | 5 Comments
Welcome back Finanosaur fans.
I have just read the news section of the personal finance comparison site Moneynet, “Credit products should carry so-called ‘wealth warnings’, the ex-chief of Halifax has maintained”, and I cannot say that I am particularly surprised.This news should also not come as much of a surprise to most people in the [...]
40 years of credit cards
Posted by Cashzilla in credit cards on 09. Aug, 2006 | No Comments
In today’s world, credit and debit cards are increasingly becoming the main means for people to pay for goods and services. There are predictions that as soon as micro payments can be made using plastic, then cash will rapidly become a thing of the past. It seems that credit cards have come a [...]
