Totally-shocking!

chattychappy

I'm still totally-shocked that Tesco persist in their claim that "Every little helps".

I can think of many little things that certainly haven't helped me. For example I spend extended periods of time abroad. I have yet to find a mosquito that has helped me in any way whatsover.

I think the OFT/FSA/Martin should do something.

Is it legal?

What about the greedy bankers?

smartalek

fhansall wrote: »

Last night with my son (who has been pretty careless at university and need to start to rebuild his credit score) I was on-line looking at credit cards for bad credit. I'm came across a website called Totally-Money on Google. They claimed to "Compare EVERY Card for Bad Credit" so we went to check them out.

Now, I've always used Money-Supermarket (and MSE) myself so I couldn't figure why they would have more than them. And after hearing on the Money Programme (Radio 4) about how Compare-The-Market and Confused.Com are actually owned by insurance companies I thought I'd do some investigating.

What I found I think is shocking. The reason they supposedly have more products is that 2 of the cards on their site are actually THEIR products! The Luma card and the Granite card are basically Totally-Money products. The cards are supplied by MI MONEY LIMITED (06967012), EASTCASTLE HOUSE 27-28, LONDON. Whereas Totally-Money is owned by MEDIA INGENUITY LIMITED (06205695), EASTCASTLE HOUSE 27-28, LONDON.

Basically the same company!

They don't tell us that the products are THEIR own. So they are effectively pushing people to get THEIR inferior products using their "socalled" comparison tables. They have THEIR Luma card at the top of their bad credit table with the message "Compare the UK’s Top Credit Building Cards" - Implying the Luma is the best product even though the interest rate is 6% HIGHER than the Barclay Card Initial Card! What's worse is that CAPITAL ONE and VANQUIS BANK also seem to be in on the deception as they are running the cards for MI.

Surely abusing peoples trust like this is illegal - or at least it should be. My son has me to watch out for him, but what about those individuals would aren't financial literate?

Is this something for Watchdog or the FSA - because I for one think it is disgusting?

So let's get this straight, you think it's "disgusting" that this site is rating highly a product that Martin also rates highly. Becuase it's paid to promote it, (just like all the other comparison sites). But you're not troubled that it doesn't appear on your favourite moneysupermkt at all (presumably for commercial reasons). You're not, by any chance, in some way connected to moneysuper are you? :eek: "why would they have [more than one comparison site]" Indeed!!