Thrifty Loans

OnePulse card goes into action

Barclay’s new Oyster-style credit card was launched in London earlier this week. It enables customers to pay for small items by a simple swipe of the card over a reader. The OnePulse card combines Oyster, credit and cashless facilities to become a three-in-one card. Goods under £10 can be paid for by swiping the card on [...]

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Rates left unchanged

Homeowners greeted the Bank of England’s decision to hold interest rates at 5.75% with a sign of relief. The rate has been left unchanged since going up in July. The Monetary Policy Committee (MPC), however, issued a statement with its decision – only the second time this has happened since the Bank gained independent decision-making from [...]

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Families face credit squeeze

A credit drought may be on the horizon for families in the UK, as banks and building societies begin to cut back on their generosity in handing out credit cards and overdrafts to the UK’s beleaguered consumers. Experts say that lenders are beginning to clamp down on applications for debt, as they don’t want to risk [...]

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Credit card debt could spark another crisis

Is there a crisis looming for British credit cards to match that of the recent turmoil in the stock market? There is a fear that debts on credit cards in this country could ignite a fresh crisis in the global financial system. Consumers in Britain owe more than £1.3 trillion in debt, £50bn of which is [...]

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