Charles Baker

UK Customers Waste £150m In Credit Card Charges

UK consumers are collectively wasting £150 million a year through late credit card payment charges. Most of the times it is due to ignorance on the part of the customer who fail to make timely payments.

PPI: Students Should Be 'Wary' Of Account Freebies

Students in the United Kingdom should be wary while opening bank accounts and should not fall for freebies like iPods and railcards. They should rather look for interest free overdraft which is most useful in student life.

No Rise In Interest Rates Until Sept 2011

The interest rates are expected to remain freezed until September 2011 for customers in the United Kingdom. This is in a bid to stabilise the economy which has been through a slump owing to the global financial crisis and credit crisis back home.

Credit Suisse Avoids Government Tax With Late Bonuses

Credit Suisse has decided not to reward its executives with banker bonus but will instead award them a surprise one off payment. This is a bid to avoid being charged high taxes by the government.

Banks Write Off Record Credit Card Debt

The UK banks have given the customers some relief writing off record amount of credit card debts. British financial institutions wrote off £3.5 billion worth of debt including £1.2 billion from overdrafts, personal loans and hire purchase agreements.

Banks Unable To Divulge Saving Account Rates

The UK banks are unable to give their customers information on their interest rates. The confusion magnifies when there are several persons of the same name having their accounts in the same branch of the bank.

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Charles Baker

Articles by Charles Baker