Bank overdrafts cost 12 times more than payday loans

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Some bank clients have to pay 12 times more for their overdrafts that if they used payday lender services. Clients who have overdrafts by even £100 need to pay much more than the payday lenders are allowed to charge for the same sum of money. The Financial Conduct Authority

Finally, a fair deal for energy switchers

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The energy regulator Ofgem reports they are preparing to get rid of their disputed method of savings calculating. Such a decision was made under the pressure of Times Money that was running an anti “personal projection” calculation campaign to end up artificial saving inflation. The savings were increased by

Why the under-40s should get ready for a lifetime of saving

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If you’re still younger than 40, you have an amazing possibility to provide your future self with free money for years. But to do that, you need to cut your expenses a bit and take up saving money. The Lifetime Isa (Lisa) programme from George Osborne’s budget will provide

Don’t become a victim

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According to the Sunday Times, there’s a great worry for the couples who open their joint accounts and have all their money there. You always need to have your won bank account that should be main for you. Get your salary there, giving a certain sum of money for

Your five-minute guide to … Offshore accounts

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The Panama papers became famous and started a whole storm of disputes about offshores. Still, it’s considered useful to have an account outside the country you live in, and the matter isn’t only in hiding your money from taxes. Offshore account will serve you well if you plan to

A costly end to a phone contract

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In early July decided to terminate by contract with Vodafone that had three more months till the end. I contacted their customer service and asked to guide me through the process of termination. They told me I had to pay £224.50, which was weird as one month costs £35.50,

Carol Midgley: Actually going to the supermarket is so Nineties — like postcards

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Recently there was a piece of news about a Tesco delivery guy who knocked on the door of a house in West Sussex and didn’t get an answer. The matter was that he became angry because of that and wrote an unpleasant note starting with “Dear Mr and Mrs

Meerkats meet their match

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The meerkats are getting so much attention from the Competition and Markets Authority nowadays that it’s time to shoot a TV show about it. The CMA doesn’t usually report drift by without inspiring the Brits who are always lazy to make a step to go to a shop. They

Complaining customers ‘forced’ to desert big six energy firms

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The largest energy suppliers in Britain don’t manage their clients’ complaints. The situation goes so far that nearly half of the people who complain choose to switch a provider. As a biennial survey by Ofgem shows, the level of satisfaction with how the troubles are handled falls down, even

Your five minute guide to… Credit cards

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The number of people using credit cards have been decreasing dramatically. The Central Bank thinks it’s connected to the MBNA departure and the cancellation of inactive accounts. Also, many people might have chosen debit cards instead of credit ones, especially after worldwide Visa and MasterCard systems were introduced. This