Credit Card Types
Credit Card Issuers
- American Express
- Barclaycard
- BT Credit Card
- Capital One Credit Cards
- Co-operative Bank Credit Cards
- Egg Card
- GM Credit Card
- Goldfish Credit Card
- HSBC Credit Cards
- Lloyds TSB Credit Cards
- MBNA Credit Cards
- NatWest Credit Cards
- Post Office Credit Card
- RBS Credit Cards
- Sainsbury's Credit Card
- Vanquis Visa Credit Card
- Virgin Credit Cards
- More Credit Card Issuers
The Credit Crunch and You
By now, you've probably heard about the
The current turmoil in the financial markets has been brewing for some time, hitting the headlines some time ago when issues surfaced with so-called subprime mortgages in the US.
To a certain extent, the current issues are as much to do with trust as anything else. None of the banks trust each other and, therefore, they are reluctant to lend money to each other. Why don't they trust each other? Simple - they know that they are covering up big holes in their own finances, so they expect the same from their fellow bankers.
So how does this affect you? Well, with less money available and talks of recession, the banks feel less inclined to lend money, especially to higher-risk customers. We have already seen Credit Card vendors tightening up their acceptance criteria this year and this is set to continue in the near to medium term.
It is as important as ever to manage your finances well and to not take on more debt than you are able to manage. This will help to ensure that, when you do need credit, it is available to you in these increasingly difficult credit times. MyCreditCardGuide.co.uk have teamed up with Experian to offer you a 30-day free trial of CreditExpert, which you can use to review your credit file.
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