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80% of customers set to stick with Santander’s 123 Current Account despite fee increase

Article Contibuted by Smart Money People

Smart Money People has conducted a survey of 80 Santander customers following the news that the monthly fee for the bank’s flagship 123 Current Account is set to increase by 150%. More than 3 million customers will be affected by the new charges in January 2016, which are being introduced due to “external market factors” according to a spokesperson for

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Consumer credit rules are changing. For the better.

Benefiting consumers and genuine lenders

On the 1st April 2014 the Financial Conduct Authority (FCA) took over the regulation of consumer credit from the Office of Fair Trading and is bringing in tough new rules for the market. Affecting approximately 50,000 firms, the new regulations will help the FCA to protect consumers and give them stronger powers to clamp down on poor practice.

With the UK’s consumer

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Over the Past Year 30% of Consumers are Better at Managing their Debts

Research from Equifax reveals that people are managing debt better in 2014
www.equifax.co.uk

After the 2014 budget was released Equifax released its own figures proving that consumers are managing to take better care of their debts despite the fact that the cost of living is continuing to increase. The latest research to come from Equifax shows that almost 30% of people do not have any debt on

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UK shoppers can finally pay with their smartphones thanks to new app

A new app is going to let shoppers in the UK leave their wallets at home. Instead, they can use their smartphones to pay the bills. Metro Bank, Nationwide, HSBC, Santander, and First Direct are all going to allow their collective 18 million customers to use Zapp mobile payments in order to cash out at stores.

This collective group makes up about 33% of all bank

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Renewed fraud strategies in the UK

When the Home Office recently announced the closure of National Fraud Authority and that is was transferring of all its activities to National Crime Agency, www.ukfraud.co.uk is asking people to commit resources and strategies that reduce the risks associated with fraud. Some of the specific actionable points include:

1. Eliminating fraud targets

In NFA’s five year tenure, fraud levels were considerably high making it hard to fight

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AA warns car buyers not to pay with cash

AA warns car buyers not to pay with cash

New research from the AA Car Data Check team has revealed that as many as 20% of those who buy used cars are paying ¾ of the value upfront in cash in order to secure the purchase of their dream car.

They also revealed that 14% of those who responded to the AA’s survey said that they

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Asda Money bring out a guide for contactless credit cards

Asda Money is looking at the rise in popularity in contactless credit cards as there are now more than 23m of the cards that need no PIN number to make a payment. You can use a contactless contact card to make a purchase up to the value of £20 and as over £17.7bn worth of annual transactions fall into this category Asda Money’s guide will

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Warrant out for man who pretended to be his father

A warrant has been placed on a man in Barrhead who pretended to be his father for six months while he went on an online spending spree. After charges were placed against George Petrie from Darnley Road he failed to appear on his court date. He is facing charges of spending over £1,500 on shopping purchases online after stealing the identity of his father.

The 34

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New box insurance launched by Tesco Bank for young drivers

With 39% of all young drivers claiming that they have been involved in some kind of collision since they took to the road, today sees the launch of the Tesco Bank Box Insurance. This is a brand new product which tracks the daily driving behaviour of young drivers to both encourage them to drive responsibly and also to bring down the cost of their insurance.

Two

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UK identity theft hot spots revealed

A new survey by Experian has revealed that the top location in the UK for identity theft outside certain areas of London is Altrincham. The town in Cheshire has recorded 13 attempts at fraud for every 10000 adults and residents are being targeted at more than 3 times over the national average.

This is in comparison with the 11 attempts per 10000 in London overall, although

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