Your Money Marketplace

Credit Card Cheques

Posted on 29. Mar, 2010 by emilythomas.

Credit card cheques are similar to cheques issued on current accounts. These slips of paper allow you to make additional purchases on credit. They are a means of paying for something when you don’t have cash and you can’t use your card, and can be made out to shops, tradesmen and anyone else you might pay [...]

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Secured Credit Cards

Posted on 24. Mar, 2010 by emilythomas.

Getting approved for a credit card can be tough for people who have poor credit history – especially during the credit crisis. But there are other options if you can’t get a traditional credit card. One option is secured cards.
Secured cards are similar too traditional credit cards, except for a deposit requirement. Secured cards are [...]

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Why a Mortgage Company Wants You to Pay Down Your Mortgage

Posted on 17. Mar, 2010 by emilythomas.

I came across this insightful article published by The Source  of The Wall Street Journal. It talks about how the giant UK mortgage lender Lloyds TSB is trying to get its customers to pay down their mortgages now by advertising “Now’s a great time to reduce how much you owe on your mortgage” because of low [...]

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Who’s Better at Managing Finances: Women or Men?

Posted on 16. Mar, 2010 by emilythomas.

DRUMROLL PLEASE…….
According to Moneyextra.com, women are better! Founder of Moneymagpie.com Jasmine Birtles said “female professionals tend to be better at controlling income and expenditure as they are used to managing the family home.” Her comments were in response to research conducted by lovemoney.com which found women to be better at keeping up with their [...]

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How Credit Card Companies Take More Money Out of Our Pockets

Posted on 15. Mar, 2010 by emilythomas.

I found this interesting article explaining 8 tricks credit card companies use to make more profit. According to Susan Mitchell of Cheap-Credit-Cards.org, the tricks include:

Not posting payment received immediately
Changing the due date for your credit card payment (which may cause you to pay late and incur late fees)
Charging penalty fees for not using a credit [...]

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Propensity Score

Posted on 12. Mar, 2010 by emilythomas.

A propensity score is a type of credit score that typically predicts your likelihood of using credit if you are granted credit. Credit card companies and lenders  assess consumer spending patterns to forecast future behavior. That way, they can determine if you’re worth their while.
For example, people who use credit cards to borrow money and [...]

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Cards for Kids?

Posted on 11. Mar, 2010 by emilythomas.

Should teenagers be using credit cards? This seems to be a hot topic in the UK, and other developed countries like the U.S. and France.
A poll conducted by guardian.co.uk shows that when asked “Should teenagers use plastic” about 64% of Brits said “No! It’s a slippery slope to debt” whilst nearly 36% said “Yes, it’s just [...]

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Talking to Kids About Money

Posted on 05. Mar, 2010 by emilythomas.

I came across this brilliant BBC article, ‘I would pay £3,000 for a big house’ that reveals children’s attitudes toward money. BBC  staff talked to a group of six students, all aged nine, from Cedarwood Primary School at Kesgrave, near Ipswich, about money matters. They were: Grace, Caitlyn, Keyara, Edward, Verity, and Ben.
I was surprised [...]

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Payday Loans – Forget the Bad Press

Posted on 05. Mar, 2010 by reecegriffiths.

There has been some negative press about payday loans in the past.  This is a fact.  However, payday loans have helped many people during their time of need.  The reason you will not hear about the good times relies on the stigma that comes with having to apply for one.
There isn’t anyone in the world [...]

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Equifax Free Credit Report

Posted on 04. Mar, 2010 by emilythomas.

I came across this great opportunity to get your Equifax Free Credit Report. You can get online access to your credit report and improve your credit position.
Reasons to carry out a credit check with Equifax:

This credit report service provides unlimited access to your personal credit history
Instant online access to the credit data privately filed by [...]

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