Jump to content
House Price Crash Forum
Sign in to follow this  
rollover

Credit card crunch

Recommended Posts

Quote

CREDIT card borrowers looking to shift their debts to an interest-free deal have a record low number of choices available. Lenders offering an introductory zero per cent interest period fell this month to 87, down from 101 in June, according to Moneyfacts. This is the lowest number since the website started tracking the data in 2006.

The average length of initial interest-free periods has also fallen. They now average 581 days, down from 632 days in January. Meanwhile the cost of making a balance transfer has risen, with the average one-off fee hitting 2.2 per cent this month.

‘If lenders continue to tighten their interest-free offers, the cost of persistent debt will only escalate further and could result in customers paying out more in balance transfer fees, time and time again.’ Metro

As long as the music is playing, you’ve got to get up and dance. We’re still dancing, but when the music stops ....

Share this post


Link to post
Share on other sites
11 minutes ago, thewig said:

DEBT is DEBT?

Can be.... sometimes...... especially if I sign a document (promissory note?) promising to return stuff I never had...... which is the fundamental reason for what this site's about....... but seldom discussed.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.