Interest rates

Debtor

Junior Member

Joined: Jul 2010

Posts: 1
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#1

Interest rates

24th July 2010, 16:44:PM

Hi everyone

my creditor has increased the interest rate on my debt from £20 a month to £80 a month. All there any rules restricting how much they can charge?

Tags: debt, interest, interest rate, rates
WendyB

Senior Member

Joined: Jun 2007

Posts: 4816
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#2

25th July 2010, 22:39:PM

Re: Interest rates

who are they? what type of debt is it. what was the previous rate and what is it now,and did you have any prior warning of the increase? Sorry for so many questions but you were a bit sketchy with your details..

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