Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 19/3/2010

Credit card charges soar as zero balance transfers sink

Consumers facing the highest credit card charges since 1998 will struggle to gain a zero per cent balance transfer.

That is according to financial advice website MoneyFacts, which found that the number of zero per cent interest transfers available on the market have fallen by ten per cent following the global recession.

Its figures highlight a growing trend among credit card companies who appear to be recouping financial losses at a cost to the consumer.

Earlier this week, Virgin money announced that it was to cut the period available for zero per cent transfers from 16 months to 14 months.

The website also revealed that the number of credit cards available with this option of balance transfers has declined by almost 50 since March 2008, to stand at just 152.

In a separate report, MoneyFacts recently revealed that credit credit rates have hit a 12-year hight, with the average value now standing at 18.8 per cent.

If you would like to make a credit card charges claim to get back all your late payment / over limit fees in the last 6 years from Virgin Money then fill out the Quick Claim or call Belmont Thornton on 0845 526 0000.ADNFCR-2776-ID-19679138-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 
Post Code 
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 number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, 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