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Card Debt 'Breathing Space' Deal


PGH7447
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Card Debt 'Breathing Space' Deal

 

companies have agreed to give more 'breathing space' to people struggling with their debts.

Card issuers backed a new set of fair principles with the Government, including an end to the practice of imposing overnight interest

hikes on customers

PGH7447

 

 

Getting There Slowly

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Advice is given freely but is in no way meant to be taken as Gospel:-)

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I was just about to post this

 

I found the bit about telling consumers they can complain about interest hikes which have already happened - hello - MBNA......................

 

who more than doubled mine.

 

I had planned once I had got my SAR stuff to recalculate everything based on my original interest rate and make an offer on that which I suspect will may be zero

If you can keep you head when all of those around you are losing theirs try parking your helicopter somewhere else

 

 

The PPI Saga

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The Government will ask the OFT to monitor the industry's progress on implementing the new principles, which will come into effect on January 1.

 

No doubt the industry will read that as 'interest added after January 1 2009' so anything prior will still stand:(

Anthrax alert at debt collectors caused by box of doughnuts

 

Make sure you do not post anything which identifies you. Although we can remove certain things from the site unless it's done in a timely manner everything you post will appear in Google cache & we do not have any control over that.

 

Vir prudens non contra ventum mingit

 

[sIGPIC][/sIGPIC]

17 Port & Maritime Regiment RCT

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The Government said borrowers who had already experienced a hike in their interest rate - which in some cases could be as high as 10% - should complain to their card provider.

They can also report the matter to the Financial Ombudsman Service, if they are not happy with their lenders' response.

Which makes me think the FOS may be more sympathetic to these cases where the itnerest rate has gone up - if they are suggesting 10% is high how many of us have had increases of 20% - I have for one

If you can keep you head when all of those around you are losing theirs try parking your helicopter somewhere else

 

 

The PPI Saga

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