10 Ways the Credit Card Firms try to Increase Your Debt
CREDIT card companies want your cash - and they're using every trick in the book to get it.
They're about to become even more inventive - not to say downright devious - now they've been forced to slash their rip-off penalty charges.
The Office of Fair Trading's decision to force them to cut default charges from £30 to £12 will cost banks around £300million a year.
And they are already looking for ways to claw that money back from you.
Free balance transfer deals, for example, are already becoming scarce. But the card sharks have a whole host of tricks and ploys to persuade us to spend more and use our cards more often.
We've rounded up 10 sneaky ways they encourage us to increase our debts...
They're about to become even more inventive - not to say downright devious - now they've been forced to slash their rip-off penalty charges.
The Office of Fair Trading's decision to force them to cut default charges from £30 to £12 will cost banks around £300million a year.
And they are already looking for ways to claw that money back from you.
Free balance transfer deals, for example, are already becoming scarce. But the card sharks have a whole host of tricks and ploys to persuade us to spend more and use our cards more often.
We've rounded up 10 sneaky ways they encourage us to increase our debts...
Read more at: 10 Ways the Credit Card Firms try to Increase Your Debt
posted by e-borneo.com @ 1:09 PM
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