Barclays mobile banking customers can now choose to block their ability to spend with certain types of retailer, in a move designed to help vulnerable customers struggling with addictions. The move is designed to help customers take more control of their finances. The new feature  could help those dealing with gambling problems, for example, to…

Millions of Brits are worried about the cost of Christmas this year, with half revealing they plan to borrow money just to cover expense, a new study has found.   While most will budget just £449 for the festive period – the reality is that we’ll each spend up to a whopping £1,086 on presents, food…

Experian has announced that has launched what it calls a transformative change to the way consumers shop for credit cards. Experian’s new comparison services will now mean that consumers will see a guaranteed rate when shopping for cards with certain providers. Credit card and loan providers only need to offer their headline representative Annual Percentage…

The Bank of England has released its latest Money & Credit data indiating that consumer credit increased by £0.9 billion in October, similar to the previous few months, but below much of the period since 2016. Mortgage market activity remained broadly stable in October. The flow of mortgage lending increased to £4.1 billion in October…

According to new research, one in ten consumers will put the whole cost of Christmas on their credit card. The research by GoCompare Money, has found that the average British household expects to spend £719 on Christmas festivities this year. Collectively, the Nation will splash out £19.5 billion on gifts, food and drink, parties and Christmas…

Pay.UK has announced the appointment of Nathalie Oestmann as a new Non-Executive Director to its board. Nathalie Oestmann works at IDEMIA – a world leader in digital security and identification technologies – where she is Senior Vice President of Global Innovation Strategy, Marketing & Partnerships/M&A for the Financial Institutions Business Unit.  Oestmann has extensive international…

European credit management firm Intrum, has published a new European Consumer Payment report based on a survey with responses from 24 398. European consumers. Intrum, who are in contact with 250 000 indebted consumers around Europe every day, sees a widening gap in the wake of a rising economy. While more and more people are able…

UK Finance has released its latest household finance update for October 2018 which has revealed that £11.3 billion of credit card spending in October was 12.1 percent higher than last October. Over the past twelve months, the outstanding level of credit card borrowing grew by 5.7 percent. Whilst personal borrowing through loans and overdrafts grew by…

One in five (22%) people have been defrauded via their credit card in the last year, according to a survey of 2,000 UK adults commissioned by comparethemarket.com. This equates to 11.4 million people nationwide, highlighting the rising levels of credit card cyber risk in the UK. The Credit Card Fraud Index found that many people…

Here is an overview of The Money Charity’s latest statistics for November 2018: Personal debt in the UK People in the UK owed £1.605 trillion at the end of September 2018. This is up from £1.560 trillion at the end of September 2017, an extra £870.78 per UK adult and £76.54 higher than the previous month. The average total…

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