Gamers left in the dark for nearly two weeks after they tried to pre-order the new Microsoft Xbox using the ‘buy now, pay later’ service Klarna have now been told if they want the console, they will have to pay for it in one go on the day of its release after all. And those … Read more
Thousands of disappointed shoppers who tried to pre-order the new Microsoft Xbox from Smyths Toys using the ‘buy now, pay later’ service Klarna last Tuesday still don’t know whether they will actually be able to purchase a console more than a week later. Eager buyers last week were subject to hard credit checks and had … Read more
Britons borrowed more on credit cards, loans and overdrafts last month compared to July and saved less, official figures revealed today, amid concerns household finances are increasingly under strain. Some £21.3billion more was borrowed by consumers in August, up from £20.9billion the month before, although repayments increased slightly, as borrowing and spending continued to return … Read more
Thousands of shoppers who tried to pre-order the latest Microsoft Xbox were left fearing for the state of their credit scores after a bungle between high street retailers and the ‘buy now, pay later’ service Klarna left them without a console but with marks on their credit files. Klarna – which has a slogan No … Read more
Google is still making thousands of pounds from unregulated advertisers mimicking legitimate charities and offering to write off people’s debts, nearly a year on from introducing new guidelines which it said would help ‘stamp out’ the practice. Charities and registered insolvency practitioners say the advertising giant ‘ignored complaints’ about misleading adverts and often took over … Read more
Credit card availability bounces back but experts warn of higher interest rates, fewer fee-free deals and the need for a good credit score Half of applicants were offered a guaranteed credit card in August by Experian These are cards which borrowers can see they are certain to be approved for This is up from 24% … Read more
Experts said Britain’s borrowing habits ‘will have changed permanently’ as a result of the coronavirus pandemic, after forecasts estimated credit card and loan borrowing would fall by record levels this year. Demand for consumer credit would fall 15.9 per cent and Britain’s unsecured debt pile would not recover to 2019 levels until 2022, according to … Read more
Households get their finances into shape over lockdown: Experian finds customers cleared nearly £2,000 of debt each between March and June The reference agency said those with £30,000 or more in debt fell by a third Non-mortgage borrowing fell by £1,934 among its Credit Expert subscribers The data backs up official figures which has found … Read more