Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 22/3/2010

 
Credit Card Charges will ultimately hurt consumers, warns expert

Credit card charges will continue to sting consumers despite government intervention, an expert has claimed.

Jeff Prestridge, personal finance editor for the Mail on Sunday, says that by the time new card measures come into force, indebted borrowers may be no better off due to hiked rates.

"Let's not get too carried away with the government's success", he writes.

"Credit card companies are a crafty lot and they will not have agreed to lose £500million of revenue over the next couple of years (the estimated cost of abiding by the new measures) without a good idea as to how they can replace it."

He claims this will ultimately come at a cost to the consumers who will be left facing increased interest rates on credit cards.

"When card issuers give with one hand, they will always take more with the other," adds Mr Prestridge.

Recent figures from MoneyFacts revealed that customers are already facing the highest credit card interest rates in 12 years, with the average figure now 18.8 per cent.

For free advice on how to make a PPI ClaimPayment Protection Insurance claim or a credit card charges claim then call Belmont Thornton on 0845 526 0000 or fill in the Quick Claim form to be sent a free PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19681512-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 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