Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: Credit card rates continue to rise

Credit card interest rates are continuing to rise, it has been revealed.

Research by consumer website moneysupermarket.com has revealed that although credit card promotion offers are at an all time high, the average interest rate has reached 17.32 per cent.

Many lenders offer long interest-free periods on purchases and balance transfers but once these introductory rates end then many consumers are hit with large bills.

A spokeswoman for moneyfacts.co.uk expressed her belief that credit cards are still considered a high risk.

She said: "A card may offer a good rate, however, it is important to look long term to make sure you can meet the monthly repayments. The first thing to do is to check your credit rating."

Borrowers are advised by the website to ensure they can make payments even if they become unemployed as many default on repayments shortly after losing their job.

Posted by Amir Hussain

Amir specialises in personal loans, consumer debt and debt management ADNFCR-2776-ID-800020259-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