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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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style="text-align:center;"> Please note that this topic has not had any new posts for the last 5077 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you
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