fairfx in trouble ?

aaronandterri

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Sep 4, 2006
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i just read on the other board someone saying something about fair fx possible being in trouble.
how would this affect everyone with $$ on cards, i have 2 k across 2 cards, should i withdraw it or spend it?
terri x
 
they are backed by newcastle buildng soc so i'm sure its ok
 

I read the thread you are referring to on the other board, and as usual, people seem to be panicing for no reason.

The thread had a link to a report that the Skipton BS was considering buying out Newcastle BS - Newcastle deny this. The report mentioned that Newcastle's mortgage portfolio was on the decline - but I am sure that this is the same for every bank/BS.

I have 2 FairFX cards for our trip in August and will certainly not be withdrawing the cash - in fact I will be getting 2 more in the next few weeks as back up cards and will also be getting my cah from them.

All the money on the FairFX cards is "ring fenced" and cannot be touched by Newcastle should they get into financial difficulty.
 












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