Mbna 34.9%!!!

bigstevex

kaisersoze wrote: »

I read a thread that said Egg was doing this not to sure about any other companies though.

I thought its something the government arranged with most/all credit card lenders in the uk to help people who can't afford the rate increases?

NickX

bigstevex wrote: »

I thought its something the government arranged with most/all credit card lenders in the uk to help people who can't afford the rate increases?

I think you are correct. Lord "Mandy" Mandelson negotiated this with the Card Providers a few weeks ago along with a few other forms of assistance for those suffering financial hardship.

bigstevex

NickX wrote: »

I think you are correct. Lord "Mandy" Mandelson negotiated this with the Card Providers a few weeks ago along with a few other forms of assistance for those suffering financial hardship.

It doesn't seem to have been publicised that much though if we are right though

dvs

NickX wrote: »

I think you are correct. Lord "Mandy" Mandelson negotiated this with the Card Providers a few weeks ago along with a few other forms of assistance for those suffering financial hardship.

Do you know what the other forms of assistance are?

My friend has just received a letter from MBNA saying that will increase his interest rate or keep it the same and close the account.