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With Christmas just around the corner, everyone is saving up to buy gifts for loved ones. However, there won’t be much good news for credit card holders on this Christmas.

credit crunch

Increased interest rates will have an impact on Christmas shoppers.  Credit card firms are increasing the interest rates by approximately 7% in the coming months.

Buyers are required to pay approximately 40% interest on their Christmas gifts.

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UK Students Await Loans Approval

by noorNovember 13, 2009 Banks

UK universities complain the delay in thousands of student loans and grants approval resulting in raise up in the bill. Student Finance England has conveyed its apologies for the delay and said it was trying to give relief by making interim payments to people and clear the backlog of applicants subsequently.

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Tougher Terms Ahead For Credit Card Users

by noorNovember 10, 2009 Banks

Federal Reserve has stated that banks are planning to intensify terms on credit cards in response to a recent law that is specifically designed to protect consumers from unexpected increase in rates.

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Banks Increasing Credit Card Interest Rates

by noorNovember 8, 2009 Credit Cards

Even in this difficult time, credit card companies have been seen increasing interest rates on unwary customers throughout the country. Moreover, there is no limit to the rise in rates, as some customers have even had there rates doubled.

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Regulations For Credit Cards May Be Moved Up

by noorNovember 7, 2009 Credit Cards

Current set of laws governing credit cards might remain unchanged for few days since the House moved to alter the actual date of the Credit Card Accountability, Responsibility and Disclosure Act.

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Should Your Student get a Student Credit Card?

by noorJuly 25, 2009 Banks

As soon as your child begins college, he will start considering himself as an adult and will be given the opportunity to take some major decisions himself. First of all he will be bombarded with all types of offers and deals including credit card offers that may be of interest to him.

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How To Get Out Of Debt

by noorMay 14, 2009 Credit Repair

To pay off the debt, you need two things, first a method to pay it off, and second a madness to achieve the goal set. But first decide upon the method; there are two methods, i.e. the snowball method and the Highest-interest first method.

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