With card providers’ profits suffering at the hands of rate tarts and rising bad debts, consumers will find the long-term 0% balance deals free from fees becoming few and far between as providers look for alternative means to recoup their losses. Lisa Taylor, analyst from moneyfacts.co.uk comments on the competitiveness of the growing trend for providers to issue lifetime balance transfer deals.
Some Tips on How to Get Out of Credit Card Debt
Many cardholders face the problem of credit card debt. Not everyone knows how to get out of debt. However, there are several tips that can help people to get rid of credit card debt.
Identity Theft – When It Happens To You
Identity theft is no joke. Even though someone else has stolen your identity, the credit bureaus still mark you down as a bad risk. Its up to YOU to protect yourself from identity theft. Here are some tips on how you can do that!
Closing Your Credit Card Account
It is one of the most frustrating feelings in the world. Youre trying to rid yourself of your debts. Youre putting more and more of your paycheck towards your credit cards. Youre gradually paying them off.
Avoid Credit Card Balance Transfers Pitfalls
Despite many card providers suffering falling profits and staggering rises in the level of bad debts, competition is still rife within the market and providers continue to launch headline best buy deals. Andrew Britchford, credit card analyst from Moneyfacts.co.uk explains how consumers can avoid some of the common pitfalls associated with credit card deals and make the best of the offers available. Choosing the right card can be more complicated than you may think.