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Worrying Article
ashcarrot
Posts: 650 Forumite
in Credit cards
http://uk.biz.yahoo.com/041127/17/f7f7m.html
* discussions on late payments even on non card things
* change of contract after you take the card out
* also whats this about interest accuring immediately? Would that affect the pay on time people (cashback) or not?
* discussions on late payments even on non card things
* change of contract after you take the card out
* also whats this about interest accuring immediately? Would that affect the pay on time people (cashback) or not?
Money, Money, Money ..... Banks/Casinos/Bookies give me all you money its a poor mans world....
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Comments
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So That's what Alvin Hall has been up to. The Scotsman is a publication that few of those non Scots South of the border have ever heard of. I once saw my Grandfather read it.
Alvin is a snappy dresser when on TV. His voice reminds me of Sesame Street. I guess they all talk a little different over there.
Read the terms and conditions as the card providers bet on you mis-interpreting them and they reserve the right to change them at any time in order for you to pay more money to them.
J_B.
Always consullt your optician for optical aids that may help you read the small print with clarity. Some times a microscope is the optical aid of choice.0 -
But people like us DO read the terms and conditions................................I have put my clock back....... Kcolc ym0
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But the ability to change them slyly or other clauses outside the general stuff we look at like BT fees, how money is allocated etc.. etc...Money, Money, Money ..... Banks/Casinos/Bookies give me all you money its a poor mans world....0
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Alvin's article is certainly very enlightening with regards to possible future practices in the credit card industry.
The way the article reads, it almost sounds like credit card companies may adopt a 'One hit and you're down' policy, i.e. one mistake and you'll pay for it.
I agree with Pale-Rider - I also read the Terms and Conditions. However, with up to 8 cards on the go at any one time, I can't honestly say if I read them all from cover to cover, and it's only when you read an article like Alvin's (or worse - when you actually make the mistake) that you're tempted you go back and read them cover to cover.
:-/Mortgage Feb 2001 - £129,000
Mortgage July 2007 - £0
Original Mortgage Termination Date - Nov 2018
Mortgage Interest saved - £63790.60
ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)0 -
Does anyone have any examples of CCs that have some of the new nasty T&C's ?0
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Lloyds TSB CC
Ive stoozed the cash from there, but apparently there is no interest free period on spending ! no 50 day freebies with Lloyds !0
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