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Customers unable to spend as Virgin Money blocks 32,000 credit cards
Virgin Money has blocked tens of thousands of credit card accounts, leaving customers unable to spend at a time of major financial pressure. ...
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Mortgage holidays from hell: homeowners taking a payment break risk punishment from banks
Homeowners who turned to banks for help in their hour of need could face much higher interest rates in future or even be ...
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'Unenforceable' bans on buying cryptocurrencies protect banks over consumers
"Unenforceable” bans by banks on cryptocurrency purchases fail to protect consumers and appear to put lenders’ interests first, experts have said. Lloyds Banking ...
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Virgin Money U-turns on decision to block 32,000 credit cards
Virgin Money has apologised and reversed its decision to block 32,000 customers from making purchases on their credit card. Telegraph Money reported earlier ...
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Uncertain future for Saga customers as credit card axed
Over-50s with a flagship Saga credit card face an uncertain future after the provider announced the closure of its popular Platinum credit card. ...
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Firms that frustrate borrowers with baffling credit scores targeted by watchdogs
Borrowers frustrated by “black box” credit scores could be given greater rights after the City regulator announced a review of the industry. Credit ...
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Underage teens use Klarna to fund 'free money' shopping sprees online
Teenagers have exploited a credit loophole to go on “free” shopping sprees, it has emerged. Klarna, Britain’s biggest “buy now, pay later” lender, ...
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Travellers short-changed 7pc by choosing wrong option when spending overseas
Foreign holidays and business trips are often expensive affairs, but travellers could be short-changing themselves by up to 10pc by choosing the wrong ...
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Spanish and Italian banks stepped up to support customers – why can't British ones do the same?
Most people dread receiving a phone call from their bank. Usually they only bring bad news, tales of fraud attempts and lost cash. But ...
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Prince Charles bags £1m from Cornish people dying without a will under archaic rules
The Prince of Wales has collected more than £1m from people in Cornwall who have died without leaving behind a will, under archaic ...