Archive for the ‘Creditor Behaviour’ Category

TweetShareThe limit has been raised from £300 to £600 but consumer groups are saying that students should not be able to get credit, especially as some cards charge interest rates of 21.47 per cent. Frances Walker, of the Consumer Credit Counselling Service, told the Times: “Our advice to students would be to make use of [...]

TweetShareClaiming to have the lowest APR of its competitors, Barclaycard Student is said to be designed for those new to credit and debt and has no fee for breaking the £600 credit limit. James Le Brocq, head of Barclaycard UK credit cards, said: “We have tried to create a card which will help students get [...]

TweetShareLloyds TSB has already embarked on a programme to educate school pupils about student debt and has produced a parent’s guide. “I think debt is a part of student life unfortunately now because of tuition fees and top up fees, it’s unavoidable,” said the bank’s spokeswoman Amy Waldron. Warnings come as the average student now [...]

TweetShareThe bank has started offering overdrafts to new students up to £500 greater than other lenders, rising to £2,100. Other banks only offer £1,000 to first year students, but Halifax could encourage students to borrow more as it offers an interest free overdraft. Peter Jackson, head of banking and savings at Halifax, stated that the [...]