Many people believe that credit scores, credit cards and credit history is very boring topic. Nowadays a plastic card that is credit or debit cards are present in almost all the wallets. Here are some of the most interesting and fun facts that will be shocking for you.

1. Visa Logo on the Credit Card

This is an amazing fact about Visa logo on the credit card. A visa logo’s Blue and gold Portions on a credit card represents the color of the California sky and California hills respectively, which is the state where Bank of America was founded.

2. Americans Fear of Debit or Credit Card Fraud

Americans are full of fear not because of terrorism, computer viruses, heath or personal safety. They are frightened because of the credit and debit card fraud according to a source: Unisys Security Index: United States, March 2009.

3. Worse Interest Rate

Suppose you are having it worse with a matched up 29.9% interest rate? Retail giant Argos rocked out with a branded credit card with a ridiculous 227% APR, UK in 2008.

4. Credit Score

1/3 of American adults do not want to check their credit score. Moreover, 2/3 of American adults who are 144 million people have not even checked their credit balance for many years. Don’t be the part of this list, which are unaware of their credit result from a long time, so for getting your score free as soon as possible contact at Credit Karma.

5. Credit Card Marketing

Each American family gets an average of six credit card offers per month in the mail. You can stop those irritating deals by going to ‘OptOutPrescreen’ in your mail. However, now you can save trees while reviewing credit cards on Credit Karma.

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Interest rates are expected to remain as low as of 0.5% throughout 2010 to support UK recovery, experts stated.

Markets expected a rate increase in the third quarter of 2010 with borrowing costs of 1.5% or more by the end of the year. According to the forecast done by banks, this will result in the inflation of 2 % target.

This indicates that the borrowing costs will remain low for a longer period of time or the Bank could make efforts to increase the money supply with the help of its quantitative easing program, which presently stands at £200 billion.

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According to experts, it is possible that the interest rates will stay at record lows of 0.5% throughout the next year to support the recovery process in UK .

A rate hike was expected in the markets by the third quarter of 2010, with borrowing costs reaching 1.5% or greater by the end of the year. However, the banks forecast that inflation will undershoot the 2% target if this happens.

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The Bank of England has recently decided to maintain the interest rates at their present level.

Following this, the head of Central London commercial research, James Roberts, said that he would have preferred to see the Bank take a more cautious, wait-and-see approach in order to further advance the Quantitative Easing, as the actual condition of the UK economy still seems uncertain.

Last month, the first estimate of Q3 GDP was released which was based on 44% hard data and 56% computer forecasts.

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There may be good news for students who have taken loans. Students will get to see their debts reduce over time, even without repayments, as the interest rates turn negative in a move. Almost 390,000 graduates, having outstanding student loans will be able to benefit from this.

Interest rate on student loan sinks to –0.4%

The UK’s current period of Retail Prices Index (RPI) deflation, will see the interest rate payable on student loans taken out before 1998 sink to minus 0.4%. This will be the first time the interest rate has turned negative, since the Government-subsidized loan service was launched.

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