UK Money News
11th February 2008
More Brits swapping credit card provider
More consumers are reacting to fears of an economic slowdown by swapping credit card provider in search of a cheaper deal, a price comparison site has claimed.
Figures from MoneyExpert.com show that over 5.9 million people - equivalent to 13 per cent of the UK's cardholders - swapped provider during the last six months of 2007.
This is a rise of nearly 400,000 from the 5.5 million who took advantage of balance transfer deals being offered by providers during the first half of the year.
The rise represents a further indication that consumers are set to rein in spending this year in response to fears over the direction of the UK economy, according to Sean Gardner, chief executive at MoneyExpert.com.
He said: "The increase in credit card switching means that people are concentrating more on reducing debts and are less concerned about other product areas.
"And with bills increasing across the board it wouldn’t be a surprise to see further rises in credit card switching in the next six months as consumers struggle to cope."
back to February's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
