Well known UK financial services company CIS has been looking at the state of the credit card market and seeing how we as a nation use them. One of the first things that came to light in the CIS survey was the amount of money spent on the busiest day of the week, namely Saturday. The average Brit will spend over GBP500,000 over the course of their lifetime on that one day alone. Looking at situations when credit cards are used it is the usual suspects of clothes and shoes that top the list, closely followed by social activities like dining out and visiting bars. The person responsible for credit cards at CIS felt that the findings were very representative of how we live our lives. After a hard week at work Saturday is the day to let our hair down and live a little. The very best credit card interest rates can be found online at Moneygossip.co.uk – Take a look at the comparison tables there and find the best credit card to suit you.
An approach has been made by Lloyds TSB for German bank Dresdner as the well known UK financial institution looks to maximise retail opportunities across Europe. Lloyds TSB has ridden the credit crunch very well and as such it is in a very strong position compared with many others. This is why it is making tentative enquiries regarding the German bank, valued at around GBP6 billion. It has a keen interest in the German market generally as it is also looking at a couple of other big name German banks that are potentially for sale. At the moment there is no immediate need for action so Lloyds TSB will seek the views of their shareholders as to their thoughts on how they wish to see their funds invested before making any further steps toward purchase.
According to the Abbey National falling house prices may be an interesting opportunity for some homeowners who can see the chance to get a bigger property at a smaller price. The figures held by Abbey National indicate somewhere in the region of 2 million homeowners are considering a move as house prices drop. Around 1.2 million of these people are hoping to trade up to a larger house, feeling they will get a relative bargain. As a spokesman for Abbey National Mortgages reaffirmed, a market where house prices are falling is not always bad news. It creates opportunities and bargains that some people can make the most of.