Merchandise interest??

Joe90

I'm still trying to get my finances in order & have been checking statements more carefully. I have just noticed that on my EGG card I am being charged merchandise interest at 1.240 per month which works out between £60 & £70 a month, what is it???

Also I still want to consolidate my cards but have been turned down for AMEX so want to try & get a loan? MINT sent an offer through the post of 6.9% for existing customers but am worried about putting another search on my file, do you think I should phone & explain it all to them??

Grateful for any advice cos feel like I'm in a right mess?!

grumbler

Joe90 wrote:

... on my EGG card I am being charged merchandise interest at 1.240 per month which works out between £60 & £70 a month, what is it???..

I think it is their typical interest on purchases shown on their website: http://new.egg.com/visitor/0,,3_61028--View_1150,00.html

... and I think you can find the same in your paperwork ...