April 30, 2007

Higher interest rates are influencing personal borrowing


Higher interest rates are influencing personal borrowing
British Bankers' Association - As people continue to reduce their commitments, weaker spending on credit cards and lower new loan borrowing than a year earlier led to another overall fall in personal borrowing." Mortgage Lending When compared to March 2006, house purchase approvals
Source: www.bba.org.uk

Return to US on cards as 888 profits leap
This is Money - There is talk that the law preventing Americans from using credit cards to gamble online will be overturned. Democrat Barney Frank calls the rule 'one of the stupidest things I ever saw'. Chief executive Gigi Levy said: 'If the US changes the rules
Source: www.thisismoney.co.uk

Now, Husain paints credit cards!
Economic Times - SINGAPORE: A new credit card issued by Dutch bank ABN AMRO is enticing art lovers with its design by MF Husain, regarded as the "Picasso of India," the bank said on Monday. The platinum card is available for local Singaporeans and expatriate Indians
Source: economictimes.indiatimes.com

Winning the Credit Card Game
KVBC - The first rule of credit cards is avoiding the evil "balance." Carrying a balance means paying far more than you should for everything you charge to your card. And it is one of the fastest ways to fall deep in debt. Are you what the credit card
Source: www.kvbc.com

Current Accounts Crisis
Sky.com - What's more, as a result of our relationship with our banks, we take out all sorts of other products with them, such as loans and credit cards, effectively borrowing our own money at much higher interest rates than we receive in credit. (It's almost
Source: news.sky.com

Fraudsters Had Details of 32,000 Credit Cards
Life Style Extra - A gang of fraudsters cloned 32,000 credit card numbers which could have netted them 17 million in Britain's biggest ever credit card scam. The thieves used the proceeds to fund a lavish lifestyle, jet-set holidays and luxury villas, designer
Source: www.lse.co.uk

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