Warning: Credit cards can seriously damage your wealth

JIMUSUPAUOTO, Halifax standard of living of the former chief who also helped launch the online bank Intelligent Finance and mortgage banking, credit cards have recently announced similar warning shoppers should carry tobacco warning label potentially higher repayment costs. He has also written to the Prime Minister as reported, about Gordon Brown & quot; excess & quot; charges, and the legislation requires that, at a given position. JIMUSUPAUOTO think that consumers deserve better protection of the body such as the Office of Fair Trading official should be responsible for examining the financial practices of the credit card companies. The fact is, a lot of excessive credit card charges will probably not come as a surprise to the credit card owner Most of the UK; however, continue to increase in Japan& 39;s personal debt The problem is the need to mount it could help implement changes to the UK to protect consumers from further education and getting into financial difficulties. According to a recent report, credit card interest rates are now around 16% of normal, mark April, which they are, on average, more than 11 percent above the current Bank of England base rate of 4.75 percent. Letter that he intended to send to the prime minister& 39;s shadow, JOJIOZUBONSUPAUOTO explicitly states that they must be alert in the wording of the statement, including the so " , credit card charges, the interest rate on the Bank of England& 39;s base rate of 200%. " " [Is] not justify rates for other banks than pure greed, " Spowart said the Scotland on Sunday newspaper. He said " we need is what the legislation in the UK, the lender claims underscore the fact that 200% of the charge of the Bank of England& 39;s base rate. These costs are excessive interest rates, it does contribute to the customer& 39;s inability to pay the bill. " In situations like this, especially to young unhappy consumers have not had sufficient time to build a credit rating is particularly effective, because it provides a credit to the usual fare on the way toward the scale; these young consumers will at least make informed financial decisions complicated. However, the decision is not easy either elderly consumers. Recent changes in the financial industry that made it more and more difficult for all consumers to compare credit card charges. Over the past year, has been awash in the media is a story in various ways calculated by the bank& 39;s interest rates - which means that some of the initial transaction may not be as good as they look . Legally enforced, the recent fee reduction in the second half of the payment may lead to an increase in various other fees, to compensate for this loss very lucrative source. Countered by the additional loss for the people who are experienced in the 0% introductory credit card companies offer to pick up in the past 16 months, lead to the implementation of fees from one card to another debt transfer, as well as a bewildering array of new earmarked for the purchase of another interest rates, currency exchange, credit card checks, and so on. The late introduction of reduced fees for individuals Summary box, the box is a minimum payment, improved transparency and parts of the bank is a very big improvement; However, financial reports show constant as the large-scale financial institutions to regain assumes no responsibility in any one area of decreased profits from the introduction of a new rate increase or fees, other areas - it is unlikely, that any real long-term financial benefits to be gained if the average consumer.



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