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How Will Dynamic Loans Disrupt the Short Term Loans Industry

By | 2018-12-07T10:59:54+00:00 December 7th, 2018|Banking, Personal Finance|

By Mark Richards. The world of banking is changing – but right now no part of it is changing more fundamentally than loans. Mobile phone apps and the ever more sophisticated use of information means that loans can increasingly be tailored to a customer’s changing credit profile. We take a look at what’s happening… Over [...]

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Lloyds Turns To Google To Make Card Spending More Secure

By | 2018-12-05T11:40:50+00:00 December 5th, 2018|Banking, Personal Finance|

By Trevor Clawson. It’s very much a twenty-first-century problem. In a world where contactless cards are fast replacing cash as the preferred means to make even the smallest of purchases, the average bank statement can contain details of hundreds of transactions every month. Drinks bought at a bar, a newspaper purchased at a railway station, [...]

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Fears of digital divide in online shopping

By | 2018-12-04T09:57:22+00:00 December 4th, 2018|Banking, Business, Personal Finance|

By Mark Fairlie. A new EU regulation called “Payment Services Directive 2” (PSD2) may lead to consumers living in areas with poor mobile reception facing increased difficulties making online purchases, according to James Daley, the managing director of research and ratings agency, Fairer Finance. Under the new system, an extra layer of security will soon [...]

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“Astronomical” directory enquiry charges to be capped

By | 2018-11-29T09:37:51+00:00 November 29th, 2018|Business, Personal Finance|

By Mark Fairlie. From April 2019, 90-second calls to directory enquiry service providers will be capped at £3.65. According to telecoms regulator OFCOM, the move has been prompted by the fact that 65% of service users do not know how much calls cost and two-fifths said that calls cost more than they expected. The £3.65 [...]

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Regulator Caps Charges on Rent To Own but is the Balance Right?

By | 2018-12-04T09:30:27+00:00 November 28th, 2018|Business, Personal Finance|

By Trevor Clawson. When it comes to consumer goods, there are luxuries and there are essentials. And if an essential happens to be a cooker or washing machine costing £300, then finding the money to purchase the item outright can be a huge challenge to a great many people. ‘Rent-to-own’ deals offer one means to [...]

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Brexit deal “would leave the UK £100 billion-a-year poorer” by 2030

By | 2018-11-27T14:24:42+00:00 November 27th, 2018|Personal Finance, Politics|

By Lauren Howells. The government’s proposed Brexit deal would leave the UK £100 billion-a-year poorer by 2030 compared to staying in the EU, a new study by the National Institute for Economic and Social Research (NIESR) has revealed. According to the study commissioned by the People’s Vote campaign but conducted independently by the NIESR, the [...]

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Monzo exploring expansion into high-cost credit

By | 2018-11-27T14:13:07+00:00 November 27th, 2018|Business, Personal Finance|

By Mark Fairlie. Smartphone-based financial technology start-up, Monzo, is considering a move into the “Wonga segment” of the market, its chief executive Tom Blomfield told James Cook of the Telegraph. Describing Wonga as the “least worst” of the high-cost credit companies, Mr Blomfield said that “if you’ve got a doorstep lender…with a baseball bat, Wonga [...]

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Number of child gamblers rises fourfold in past two years

By | 2018-11-22T11:01:34+00:00 November 22nd, 2018|Business, Personal Finance|

By Mark Fairlie. There are more than 50,000 children in the UK with a gambling problem, according to a Gambling Commission report. The same report found that another 70,000 children were at risk of developing a gambling problem and that 450,000 children were regularly betting, as reported in the Daily Mail. The paper also reported [...]

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An Unfinished Revolution – Technophobia Puts the Brakes on Banking Apps

By | 2018-11-21T14:37:04+00:00 November 21st, 2018|Banking, Personal Finance, Technology|

By Trevor Clawson. Last week I took possession of a shiny new iPhone and minutes after the man from UPS had made the delivery, I began the setup process. Around two screens in,  the phone invited me to add my card details to Apple Pay and at that point, I had to stop and think.  [...]

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EE and Virgin Media fined total of £13.3 million for overcharging customers

By | 2018-11-20T14:11:28+00:00 November 20th, 2018|Business, Personal Finance|

By Lauren Howells. Communication giants EE and Virgin Media have been fined a combined total of £13.3 million by Ofcom, for overcharging phone and broadband customers who wanted to leave their contracts early. Ofcom said that the fines were the result of investigations into EE’s and Virgin Media’s early-exit charges. Of the nearly 500,000 customers [...]

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