Consumers Should Fight Credit Card Increases
January 12, 2009
Consumers are being urged to bear in mind that hikes on credit card interest can be fought if the credit card company appears to have put up the rate on the card for no apparent reason. Many credit card companies have been increasing both the interest rate and the charges on their credit cards, and this is despite the fact that the base rate has fallen by almost two thirds since the end of last year. This has caused concern amongst campaigners, consumers, and even the Prime Minister, Gordon Brown, who has been trying to address the issue. Read more
Tags: base rate, Credit Cards, financial ombudsman service, interest rate, good credit