It has been easier during the pandemic for criminals to cash in on those they think more likely to fall for scamsWhen Angela Smith* phoned her 93-year-old mother to remind her to take her medication, she asked, as usual, how her day had been. “She said…
How to start investing safely and profitably
Once you’ve got your head round the fees, putting spare cash into shares could bring big rewardsInflation is running at 3.1%, and finding a savings account paying above that is impossible. But many experts claim you can reasonably expect investments to…
Barclays continues to wreck credit rating with mortgage claims
Despite a promise to rectify its mistake, the bank claimed six more times that a reader had paid lateThree weeks ago I featured the case of CS from Norwich whose credit score had been trashed after Barclays falsely claimed he and his wife had not paid …
UK contactless payments limit is rising to £100 – should you be worried?
Some fear overspending or say the change from Friday is ‘a thief’s dream’, but there are safeguardsIt’s a financial revolution that began quietly in September 2007. That is when the first contactless bank cards were introduced in the UK, allowing peopl…
Yorkshire building society launches 0.78% rate mortgage
It will track Bank of England’s base rate for two years but cost could go up if Bank moves interest ratesYorkshire building society this week launched a mortgage with a market-leading rate of 0.78% – but the cost could go up if the Bank of England move…
Barclays won’t accept I have power of attorney for my father
I have an activation code but it’s not good enough for the bankI’ve been trying to register a power of attorney for my father after my mother died of Covid, but Barclays won’t accept the activation code sent from the Office of the Public Guardian. It i…
Barclays’ error has trashed our credit ratings
The bank falsely claims our mortgage repayments are late, and can’t seem to rectify the mistakeWe have a joint mortgage with Barclays but have just discovered that for the last 11 months the bank has been wrongly recording that we paid late. This is co…
Money mules: how young people are lured into laundering cash
Criminals are using students and others to unwittingly move funds through their bank accountsReaders’ £1m losses highlight scale of the UK’s fraud crisisThe job advert seemed timely. It offered between £500-£1,000 a week to work from home as an agent f…
Scam ‘epidemic’: Big tech firms must join fight, says Nationwide chief
Building society launches pre-payment hotline after bank-transfer scams rise sharply during pandemicTechnology, telecoms and social media companies should take more responsibility for stopping scams as the problem reaches “epidemic proportions”, the UK…
JP Morgan launches digital-only Chase current account in UK
Analyst believes offering from US bank ‘will blow the competition out of the water’The US bank Chase has launched its first current account in the UK, prompting one analyst to say it “will blow the competition out of the water”.Offering 1% cashback on …