Credit Where it’s not Due – Britain’s 0% Balance Transfer Trap

Zopa reveals the extent of UK credit card debt with their Back-to-Black report

£810 million – the shocking amount paid in balance transfer fees in the UK.[iv]
Nearly half (49%) of credit card 0% balance transfers are not repaid within the 0% period
A quarter of people who own credit cards and store cards have been building up their debt over five years or more
The average UK resident carries debt of almost £10,000
Almost a third (£2,855) of this is attributed to credit cards
16 million[i] credit card and store cardholders don’t know how much their card charges for purchases if their bills are not repaid in full.

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BorrowersFirst Secures Funding and Is Set to Disrupt Peer-to-Peer Consumer Lending

BorrowersFirst™ Secures Funding and Is Set to Disrupt the Peer-to-Peer Consumer Lending Space
BorrowersFirst™ Redefines the Peer-to-Peer Consumer Lending Model.

NEW YORK, May 7, 2014, BorrowersFirst, (, a new fintech entrant, today announced that it has secured equity and debt funding from SF Capital Group, a firm known for its successful fintech investments.

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