• Welcome to the LegalBeagles Consumer and Legal Forum. Please register to get the most out of the forum. Registration is free and only needs a username and email address.
  • Please note that LegalBeagles is a public forum and the main areas are accessible to all, and as such, please take care your username or posts do not identify you. There is no need to post claim numbers, names or precise amounts to get support with your case. When uploading documents please ensure that you have properly redacted your personal details. Thank you.

Co-op 'breaking spirit' of anti rate-jacking credit card rules

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Co-op 'breaking spirit' of anti rate-jacking credit card rules

    The Co-op will punish credit card customers who legitimately reject an interest rate rise by demanding they repay costly debts in just six months. Otherwise, they must accept the initial hike.
    The group's banking arm, often popular for its good customer service, has been accused by customers of breaking the spirit of new rules designed to protect consumers against large rate rises (see the Reject Rate Jacking guide).
    Under new terms, if a Co-op customer rejects a rise but fails to repay the debt in time, they will have to pay the increased rate, which can add hundreds of pounds to costs.
    Those with thousands of pounds of debt are unlikely to be able to afford full repayment in six months so will end up on the increased rate.


    http://www.moneysavingexpert.com/new...ing-card-rules
    ------------------------------- merged -------------------------------
    Clawing back some of the money they have paid out in PPI claims I wonder ?
    Last edited by pompeyfaith; 11th February 2011, 18:17:PM. Reason: Automerged Doublepost
    If you think nobody cares if you're alive, try missing a couple of payments.

    sigpic

    Tags: None

View our Terms and Conditions

LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

Announcement

Collapse
No announcement yet.
Loading...

upgrade to vip

Want exclusive access to forums, more privacy and a live chat box? Upgrade to become a bigger part of our community.

only £15/yr

Offers available. No subscription traps.

sign up now



Search and Compare fixed fee legal services and find a solicitor near you.

Find a Law Firm


Working...
X