Originally posted by chris79
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Creditcard balance xfer rates
Collapse
X
-
Bored. -
Shirley there's some legal mumbo jumbo that says they have to give you written notice of a change in interest rate?!?Gas masks don't fit snails...Comment
-
Originally posted by ace00 View PostThey should have sent you a letter prior to any change to the interest rate. Did they, and did you read it? Otherwise get legal.Gas masks don't fit snails...Comment
-
What most people don't realise about cards is the card companies can pretty much rewrite the contract whenever they want (all they have to do is notify you in advance), change interest rates, increase caps, lower caps or call in entire amount outstanding without explanationComment
-
Originally posted by DimPrawn View PostI do the pay for everything on a cashback credit card and then settle the bill each month too.
The one thing I don't do is pay interest on anything. Interest is dead money for fools.
aren't we paying interest on the National Debt that Broon has doubled....... !!
Comment
-
Originally posted by Not So Wise View PostWhat most people don't realise about cards is the card companies can pretty much rewrite the contract whenever they want (all they have to do is notify you in advance), change interest rates, increase caps, lower caps or call in entire amount outstanding without explanationComment
-
Originally posted by chris79 View PostI've had a small balance on a Capital One creditcard for some time now, I got it a few years ago at a promotional rate of 3.9% for the life of the balance.. being a low rate I've just been paying the minimum monthly payment.
Gets my statement through today and noticed the interest amount has gone up almost 10x from last month.
Rang them up and was told that because the cost of lending has increased, so has my interest rate. I asked how they could do this since the money on the card was still at the 3.9% life of balance rate, and just kept getting the same reply "the cost of lending has gone up".
Rang financial ombudsman and they said I can put in a complaint, but chances are there will be something in the T&Cs allowing them to do this.
Anyone else been stung? I've also heard there's a list of other card providers doing this as of this month?If your company is the best place to work in, for a mere £500 p/d, you can advertise here.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment