colin Posted January 16, 2009 Share Posted January 16, 2009 Got a letter from my credit card provider today. We value you as a customer blah blah blah as from march statement the interest on purchases rises from 15.75% to 23.88% *&%k me, thats what you call a scam, glad I pay off in full every month Link to comment Share on other sites More sharing options...
J9withdogs Posted January 16, 2009 Share Posted January 16, 2009 Bl@@dy hell, glad mine's fixed at 4%! Link to comment Share on other sites More sharing options...
malc d Posted January 16, 2009 Share Posted January 16, 2009 Is it Bank of Zimbabwe ? :-( Link to comment Share on other sites More sharing options...
davenewellhome Posted January 16, 2009 Share Posted January 16, 2009 Had a message from my bankers this morning when I logged in to my internet banking offering me a loan of up to 25,000 with just a measly 8.5% interest 8-) . Did I dream it or did the BoE just recently reduce the ase rate to 1.5%? So glad I don't need to borrow any more money just now! D. Link to comment Share on other sites More sharing options...
BGD Posted January 17, 2009 Share Posted January 17, 2009 Halifax Gold card: Have always paid it off automatically very month, from an automatic transfer from my UK current account. Never spend more than a couple of hundred quid max, per month on it nowadays. Letter received last week: "Your instant credit limit has been increased to £16,000". £16,000 of debt. In an instant. Scary stuff. Link to comment Share on other sites More sharing options...
Guest Tracker Posted January 17, 2009 Share Posted January 17, 2009 Don't pay interest on credit cards - never have - never will - they get paid in full by direct debit every month and if the bank current account can't fund it you are better of with either an overdraft or - if you can get one - a bank ordinary loan in which you can pay back what you want when you want - within certain agreed parameters. Link to comment Share on other sites More sharing options...
J9withdogs Posted January 17, 2009 Share Posted January 17, 2009 Because I used to be a 'card tart', ie I moved borrowings around to get 0%, I ended up with several cards. The total amount of available credit now tops £50,000 and every few weeks I would get cheques to write out for whatever I want. In my opinion, this was grossly irresponsible of the banks to encourage people to spend money they don't have, and in many cases, have no means of repaying. Perhaps they are beginning to learn just what a bad idea it was. Link to comment Share on other sites More sharing options...
Syd Posted January 17, 2009 Share Posted January 17, 2009 davenewell@home - 2009-01-16 9:10 PM Had a message from my bankers this morning when I logged in to my internet banking offering me a loan of up to 25,000 with just a measly 8.5% interest 8-) . Did I dream it or did the BoE just recently reduce the ase rate to 1.5%? So glad I don't need to borrow any more money just now! D. Snap, you bank with HSBC too then Dave? Link to comment Share on other sites More sharing options...
davenewellhome Posted January 17, 2009 Share Posted January 17, 2009 Syd - 2009-01-17 6:07 PM davenewell@home - 2009-01-16 9:10 PM Had a message from my bankers this morning when I logged in to my internet banking offering me a loan of up to 25,000 with just a measly 8.5% interest 8-) . Did I dream it or did the BoE just recently reduce the ase rate to 1.5%? So glad I don't need to borrow any more money just now! D. Snap, you bank with HSBC too then Dave? No Syd, Lloyds TSB actually ;-) . D. Link to comment Share on other sites More sharing options...
Guest Tracker Posted January 17, 2009 Share Posted January 17, 2009 Lloyds - the sign of the sh1te horse? TSB - truly sh1tty bank? HSBC - well you tell me! Link to comment Share on other sites More sharing options...
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