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Store cards - also charging excessively


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Store cards:-

 

Shoppers are being overcharged £100m a year as a result of inflated interest rates on retail store cards, the UK's competition watchdog has said.

The Competition Commission said there was evidence that the store card market was uncompetitive, with interest rates far higher than they should be.

 

The watchdog said it wanted warnings on card statements to inform consumers of interest rates and late payment fees.

 

 

Full story and source:-

http://news.bbc.co.uk/1/hi/business/4244242.stm

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This topic was closed on 03/05/19.

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Please note that this topic has not had any new posts for the last 5362 days.

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