UK Money News
18th July 2008
Balance transfer sector 'has escaped worst of crunch
The credit card balance transfer market remains competitive despite the credit crunch, it has been claimed.
According to Fool.co.uk, the fact that there are currently 90 zero per cent balance transfer cards available is indicative to how far the sector has escaped the worst of the crunch.
Moreover, of these seven do not charge interest for 14 months, including the Virgin Capital Card, the Capital One Balance-Transfer Platinum card and three offerings from Barclays.
David Kuo, head of personal finance at Fool.co.uk, said: "Interest-free balance transfer cards are an oasis of relief for consumers parched by the burdens debt.
"However, even in oases, water does not come cheap. A nominal balance-transfer fee can work out to be quite expensive for short transfer periods."
He added: "Additionally, the balance transfer deal will amount to nothing more than a mirage if you don't take active steps to repay the debt before the end of your balance-transfer period."
back to July'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.
