Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 16/3/2010

 
Credit Card charge rules not strict enough, says expert

The new rules for credit card loans as unveiled by the government yesterday are just a "baby step" in the right direction, an expert has claimed.

Chris Tapp, director of financial education charity Credit Action, said that although he welcomed the changes, which include a measure to ensure the most expensive debt on credit cards is paid off first, he does think that more stringent measures are needed.

He said: "The government, in our view, is taking a step in the right direction but only really a baby step. We don't think they have gone as far as we would have liked to [have] seen them go.

"In terms of it being an opportunity to really overhaul the way that the credit card market works, it is a slightly more piecemeal reform from the fundamental change that we think is needed."

He went on to reveal the changes the organisation would have liked to have seen implemented under the legislation.

These included the need for a stronger line against unsolicited rises in credit limits and more elaborate reforms to the minimum payment system.

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges form.ADNFCR-2776-ID-19671717-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide