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American Express introduces dormant fee for unused credit cards

American Express will be charging its credit cards customers a £20 annual “dormancy” fee if they fail to use their cards for a year.
The fee will applied to its Platinum cashback credit card, and is to be introduced to existing customers from 1 October 2009, and immediately to all new customers and is being enforced [...]

Investment ISA sales ‘highest in six years’

The Investment Management Association (IMA) have revealed that last month, investment ISA net sales reached around £247million, marking the highest quarterly ISA sales seen in six years.
ISA sales are not the only investment products that have seen an increase in activity, as net investment fund sales also hit the highest levels ever recorded, amounting to [...]

‘Do not multitask’ with credit cards

fAs a general rule of thumb, the same credit card should not be used for purchasing items and to transfer previous debts, it has been claimed.
While seeking out competitive credit card offers can prove to be an effective means of not only purchasing items but – through 0% balance transfers – also getting to grips [...]

Excellent debt relief programs to get rid of debts.

It has been observed that most of the debtors facing biggest challenges are that understand the numerous debt relief programs available to them.With many options available,how does a debtor know which debt relief program is the right one of their specific debt challenges.The situation becomes increasingly complicated when one realizes that more often than not [...]

Five Tips for Credit Collections

Get all the Company Information
Save yourself time and collect all your customers’ information at the one time. Know the phone numbers for whoever approves the invoices, the person who signs the cheques, and any other department of people that have to see you invoice internally. At the same time request their [...]

Get your holiday covered

Going on holiday, be it at home or abroad, is supposed to be a pleasurable experience. It is important, therefore, to make sure that you are adequately prepared in advance, so that if anything does go wrong, you are equipped to deal with it quickly and efficiently, leaving you to enjoy the rest of your [...]

‘Determined effort being made’ to pay off credit cards

Aussies are showing a steely determination in getting to grips with their finances, it has been suggested.
With concerns about the economic downturn growing, people are increasingly turning their backs on their “big borrowing ways”, Karina Barrymore, writing in the Courier-Mail, states.
Consequently, there has been a greater focus on repaying debts owed on credit cards and [...]

Ban for Credit Card Cheques

Credit card cheques are to be banned by the government as part of a new consumer protection scheme.
The Bank of England released figures showing that people living in the UK owe £233 billion on credit cards, overdrafts and other forms of loans.
The governments plans include creating a Consumer Advocate, who would focus on raising awareness [...]

Tackle credit card debt ‘as quickly as possible’

In taking steps to clear off money owed on credit cards as soon as possible, people should find they have more cash to spend on purchasing items, it has been reported.
Claiming money owed on credit cards is “the devil’s debt”, Neil Faulkner writes in a lovemoney.com article that the less interest consumers have to pay [...]

Compare Bad Credit Credit Cards

What are bad credit credit cards? These credit cards are especially designed for those people who need to restore their credit score. Most persons applying for this type of card need to first decide between a secure or unsecured credit card. A decision to select a secure or unsecured credit card is dependent on many [...]