When the outgoing Labour government strong-armed the credit card industry into agreeing to end its policy of using card holder’s payments for paying off their least expensive debts first, there were sighs of relief from consumers. The agreed date to end the practice was January 2011.
In the meantime, some card companies have announced that, from [...]
Posts Tagged ‘Payments’
Understanding Credit Card Allocation of Payments
January 16th, 2011 
Posted in 0 balance transfer uk credit cards 
Tags: Allocation, Credit, Payments, Understanding 
Comments OffLate Payments Can Hurt You as Well as Your Suppliers
July 13th, 2010 Late payments can produce serious financial problems. The effect on businesses who suffer from high debtor days has been well documented. According to official statistic it is directly linked to business failure. Less has been written however about why paying invoices late can be disadvantageous for the person who owes money.
This article seeks to redress [...]