Monthly Archives: January 2012

Halifax credit cards to be linked to base rates, in a move seen as profiteering

Bank roundly criticised for rate hikes in 2011 tries a different strategy in 2012. Halifax, the self-styled “people who give you extra” are writing to millions of customers to advise them of a new change to their credit card conditions. In a move that they laughably claim simplifies their credit card interest rates, they have split … Continue reading

Era of low interest rates is not over

Experts forecast rates staying at historic lows to 2016 Existing borrowers are offered some respite from gloomy financial headlines with the news that a panel of economic forecasters believe interest rates could remain at current historic lows until 2016. Groups including CEBR, John Charcol and Deutsche Bank were surveyed for The Sunday Times.  Opinions differed … Continue reading

£2 credit report or £29.95 per month? Should be a no-brainer

Consumers asked whether £29.95 per month represents good value Consumers are advised to check the small print carefully after it emerged that a leading consumer credit report website is signing up customers to deals that can cost £29.95 a month for access to their online credit report.  This twice the cost of Experian’s CreditExpert … Continue reading

Experian acquires Garlik for undisclosed sum

Experian plc have bought out the ID monitoring service Garlik from it’s private equity backers for an undisclosed sum. Garlik’s ‘data patrol’ product combines access to the Experian credit report with information gleened about the customer from other sources – particularly the internet and social networking sources. Customers can be informed where their personal details … Continue reading