BBC News
Launch consoleBBC NEWS CHANNEL
Page last updated at 15:45 GMT, Friday, 11 December 2009

Credit and your credit record: your questions

David Black, James Jones and Peter Harrison
BBC Radio 4's Money Box Live
Wednesday 16 December at 1502 GMT On BBC Radio 4 and Online

On Wednesday's programme Paul Lewis and guests invited your calls on credit cards, loans and repairing your credit report.

There are 72,598 million credit and charge cards in issue according to the UK payments association and the average interest rate charged is an annual percentage rate (APR) of 15.9%.

The Bank of England's 'Trends in Lending' report says that UK lenders expect consumer credit to remain weak over coming months, reflecting further tightening in both credit availability and demand.

With lenders restricting access to credit and charging higher interest rates, you may have a question about finding a deal which suits your needs and your budget?

How can you compare deals and find the cheapest product?

Is it worth considering cards which offer incentives such as cash back or charitable donations?

Would it be sensible to move an outstanding debt to another card, called a 'balance transfer'?

What determines your credit limit?

Perhaps you have been told you have a poor credit score.

How can you repair your record and improve your credit rating?

Whatever your question Paul Lewis was joined by:

  • James Jones, consumer education manager, Experian
  • Peter Harrison, cards channel manager, Moneysupermarket
  • David Black, banking specialist, Defaqto

Presenter: Paul Lewis
Producer: Diane Richardson

Money Box



Download or subscribe to this programme's podcast

Podcast Help

Links and helplines
11 Dec 09 |  Moneybox
Record fall in consumer borrowing
30 Nov 09 |  Business
Showdown over credit card debts
23 Nov 09 |  Business
Bad credit card debts 'will soar'
09 Nov 09 |  Business
Can credit cards mess with your mind?
31 Oct 09 |  Business
Credit card terms 'to be curbed'
27 Oct 09 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

banner watch listen bbc sport Americas Africa Europe Middle East South Asia Asia Pacific