Credit cards

A new bill would cap credit card interest rates at 10%. Here’s what that could mean for your money

David Bale5 hours ago08 mins

Freshsplash | E+ | Getty Images Despite the Federal Reserve’s recent cuts, credit card interest rates have been hovering near record highs. A new bipartisan bill would cap them at a dramatically lower figure, but experts say it may not be a win for consumers. Senators Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a…

Bank of England interest rate decision confirmed & what it means for your money

David Bale2 months ago012 mins

THE BANK of England has opted to hold interest rates at their current level to the disappointment of homeowners. During today’s meeting of the Monetary Policy Committee (MPC), the BoE’s rate-setters kept the base rate at 4.75%. 1 The Bank of England has opted to hold interest rates at 4.75%Credit: Alamy Most economists had predicted the central bank to keep interest…

Martin Lewis explains why credit score ‘isn’t real’ and 3 measures lenders use

David Bale2 months ago08 mins

MARTIN Lewis has explained why your credit score “isn’t real” and shared “the holy trinity” of measures lenders use to assess you. The famed money saving expert shared the surprising nugget on an episode of ITV’s Martin Lewis Money Show Live. 1 Martin Lewis debunked misconceptions about credit scores on his live ITV show on…