0 Have your say Credit cards have been available for over half a century and can be incredibly useful when making more than the normal transactions, such as at holiday time and Christmas, as well as bringing major consumer rights. -> Conal Gregory: Don’t wait until the airport to splash out on your holiday cashTheir strength this time of year is the facility credit cards give in paying for goods and services in foreign currencies. If well chosen, no transaction fees arise from your provider.The first credit card launched in the UK was Barclaycard in 1966. It initially made little progress and had no rival until 1972. Today 65 per cent of adults hold a credit card. Last year 3.2bn payments were made, a four per cent rise on 2017. The industry forecasts the number of transactions will jump to 4.1bn by 2028.Plastic money – charge, credit and debit cards - has become so popular that the number of cash payments has fallen by 10 per cent a year over … [Read more...] about Conal Gregory: Which is the best credit card for you?
Consumer protection credit cards
106 million individuals had their data compromised by the Capital One credit card breach.A smaller number -- 140,000 customers -- had their Social Security numbers swiped.Security experts recommend taking a few immediate steps, such as freezing your credit and upping your security process. If you're among the 106 million individuals who hold a Capital One credit card or who applied for one, your personal data -- including self-reported income and birth date -- could be in the hands of scammers. Experts recommend taking the five steps below to keep your finances safe. Capital One disclosed on Monday that a hacker gained access to the personal information of over 100 million individuals applying for credit. Among those, 140,000 customers had their Social Security numbers stolen, and about 80,000 had their linked bank account numbers swiped, Capital One said.While the McLean, Virginia-based bank said Monday it found out about the vulnerability in its system July 19 and … [Read more...] about Have a Capital One credit card? Then take these 5 steps
Notts County supporters can protect themselves from losing money on season ticket purchases by paying with credit cards. With the new season just eight weeks away, the Magpies are still threatened by the possibility of administration or liquidation. On Monday, the Post reported that the National League were understood to be concerned about the lack of progress with Notts' takeover and with the identities of those looking to buy the club. An upcoming High court hearing on July 10 could see the club fall into administration or be liquidated over a £250,000 unpaid tax bill. If the worst case scenario of liquidation happens, legal protection is available to supporters should they make season ticket purchases with credit cards, and card companies have no choice about it. With purchases costing over £100, credit card companies are "equally liable as the retailer" under Section 75 of the Consumer Credit Act. Whatever rights fans would have held with purchases from the football club, … [Read more...] about Why Notts fans should buy season tickets on credit cards
Susan Tompor Detroit Free Press Published 5:01 AM EDT May 17, 2019 The Equifax data breach came to light in September 2017 – and consumers are still fuming. Complaints about credit reporting, credit repair services and issues such as errors on individual consumer credit reports made up 43% of all the complaints made to the Consumer Financial Protection Bureau, according to an analysis by the U.S. PIRG Education Fund. That's up from 23% of total complaints back in 2016, before the Equifax breach. The analysis looked at data from 2011, when the CFPB began collecting complaints, to Jan. 14, which is when PIRG downloaded the data to review. CFPB, a federal consumer watchdog agency, published a record 257,000 consumer complaints in 2018, according to the PIRG analysis. That brings the total complaints to nearly 1.2 million in seven years. Complaints might include issues with a payday lender who won't stop withdrawing money from a bank account, … [Read more...] about Equifax data breach still causing problems for credit reports
John Hearne outlines the steps you must take to ensure you’re not wasting your breath when complaining about a product or service.Earlier this month, the Irish Ombudsman Network launched a guide to help with identifying the correct ombudsman to deal with your complaint. There are no fewer than seven.The longest established is of course the Office of the Ombudsman, which deals with complaints from members of the public who believe they have been unfairly treated by public service providers. In addition, there is also an ombudsman for children, for the Defence Forces, the press, An Garda Síochána, the Irish language, and financial services and pensions.The guide, available at fspo.ie, was compiled by the latter office.It details in precise terms the formalised procedures in place for dealing with complaints in each of these areas.If, however, your complaint relates to a service provider or private organisation that falls beyond the remit of these offices, you are going to … [Read more...] about Consumer interests: Ten steps to making a valid complaint