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Jersey Consumer Council

Tag: interest rates

5 Ways to Respond to a Credit Card Interest Rate Increase

November 2, 2015 Banking No Comments

5 Ways to Respond to a Credit Card Interest Rate Increase

What to Do When Your Credit Card’s Interest Rate Increases

Wouldn’t it be nice if low interest rates last forever? Unfortunately, the saying “All good things must come to an end” is especially true when it comes to credit cards.
One of the practices credit card issuers are notorious for is suddenly increasing interest rates. Of course one of the reasons it seems so sudden is because most credit card issuers only have to send you 15 days notice before increasing your interest rate.

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Online Gambling

October 26, 2015 Home life, Money Matters No Comments
Gambling photo

Online Gambling – Harmless hobby or destructive diversion?

Gambling is “the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods”. People are innately attracted by risk, with the opportunity to bank a quick buck being an alluring prospect. But when does gambling go from being a manageable past time to an ever-engrossing problem? Does the online-gambling revolution have a major part to play in all of this?

On the surface Jersey would appear to be gambling central. We have no less than 29 Betting Shops freckling our shores – In January the JEP indicated that we have more than double the number of bookmakers compared to similar size areas in the UK. On the flipside, there is an argument that it would more prudent for customers to have a flutter amongst the bricks and mortar than entering the world of online gaming.

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Methods of Payment

October 26, 2015 Money Matters No Comments

Methods of Payment

A payment is the transfer of money from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.

Common means of payment by an individual include: –

  • Money
  • Cheque
  • Debit
  • Credit
  • Bank Transfer
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