bharatbhasha.com

Click here for Special Web hosting packages for visitors of this website only!

Free Articles  >>  Consumer >>  Page 50  >> 

Free Consumer Advice Site Launched By Credit Card Industry To Protect Shoppers





The banking industry has launched its own new website to provide advice for consumers on credit cards. The site (<a href="https://http://www.choosingandusing.com" target="_blank">http://www.choosingandusing.com</a>) has been set up to help people choose which card is right for them as well as promoting a better understanding of the benefits and problems associated with borrowing using credit cards.

The site’s aims are to offer unbiased information to help people decide which sort of credit cards best suit their needs, supply advice on managing money for those struggling with repayments or adverse credit, along with details of any help and support that is available, as well as answering basic questions consumers may have about credit cards.

The stated goals are to raise consumer awareness of:

• The benefits and risks of credit card use

• How credit cards work

• What should be considered before choosing a credit card

• How to compare credit card products

• How credit card companies make their decisions

• What to think about when using a credit card

• What to do if you get into difficulties

Sandra Quinn, Director of communications at APACS, says: “The UK has one of the most competitive credit card markets in the world with around 1,500 different cards to choose from, so selecting the right one can be a time-consuming process.”

The site was created by APACS, the UK payments association, which represents all of the major UK credit card issuers to provide information directed at better education on the issues surrounding credit cards to help consumers fully understand their choices, rather than actually comparing specific cards.

“The UK cards industry is committed to improving consumer understanding of credit cards to encourage responsible borrowing. This goes hand in hand with our members’ commitment to responsible lending.”

The website tries to give the types of features which people should look for when choosing a card depending on their usual patterns of spending behaviour, such as, people who regularly clear their balance each month would be best advised that interest rates may be of less importance than whether there is an annual fee or a rewards programme associated with a particular card.

Other help given by the site includes details on how credit cards work, what happens during application procedures, advice on the responsible use of credit cards, and what to do if you find yourself in trouble with debt.

What the site doesn’t attempt is to look at specific cards to compare rates and benefits, therefore consumers will still need to consult tables in newspapers or financial comparison websites such as Moneynet, if they are to make truly informed decisions. These days there are so many sources of information available which quickly enable financial products to be judged side by side that there is no real excuse for consumers to suffer from exorbitant rates of interest or inferior services, but the public needs to take an interest in their own finances if they are not going to be taken for a ride.

Resources: Credit card advice - choosingandusing.com ( <a href="https://http://www.choosingandusing.com/" target="_blank">http://www.choosingandusing.com/</a> ) Credit card comparisons - Moneynet ( <a href="https://http://www.moneynet.co.uk/credit-card/index.shtml" target="_blank">http://www.moneynet.co.uk/credit-card/index.shtml</a> )
About Author R.Green :

Richard lives in Edinburgh, occasionally writing for the personal finance blog Cashzilla ( <a href="http://cashzilla.blogspot.com/" target="_blank">http://cashzilla.blogspot.com/</a> ), and wonders why lisp is so difficult for sufferers to say.


Article Source: https://www.bharatbhasha.com
Article Url: https://www.bharatbhasha.com/consumer.php/32999

LD
Other Articles by R.Green

Avoiding The Sound Of Jingle Bills
The Commons Trade and Industry committee has stated that the recent rises in UK gas prices has lead to increased suffering by many of the most exposed groups such as the elderly and, non-elderly vulnerable groups, particularly disabled people, whose difficulties in relation to fuel poverty have been known for a long time. A lack of gas supplies from Europe, and dwindling North Sea production has been blamed for the price increases by most of the major energy suppliers leading to average...

Insurance News UK Ex Smokers Reportedly Paying Too Much For Life Insurance
According to recent life assurance research by Sainsbury’s Bank, many ex-smokers may be paying too much for their life insurance. They assert that during the past 5 years approximately 6.78 million people have given up smoking, however only a quarter of these people have informed their life insurance company. Time requirements differ between insurers; however, many companies consider a person to no longer be classed as a smoker after one year following quitting. By contacting their insurance...

Publishers / Webmasters
Article ID: 32999
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:


294 Users Online!!
Related Articles:
Latest Articles:
 
consumer >> Top 50 Articles on consumer
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts
Aging


Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of bharatbhasha.com and/or its owners.


Copyright © AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Cheap Linux Server Hosting Provided By AwareIndia







Company IDS