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CC has doubled the interest rate

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Comments

  • Typhoon2000
    Typhoon2000 Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    MBNA (ie Virgin provider) have a recent history of increasing rates of those on whose 0% deal is about to end, regardless of how you run your account. Its seems to be the norm now.
    Recent changes mean CC companies must now give you the option of freezing your interest rates, suspend your account to new borrowing and closing when it is paid of. If you by some chance phone up and get a few % taken off you new higher rate, you lose the option to freeze your rates.
  • Neoshoegal
    Neoshoegal Posts: 156 Forumite
    Part of the Furniture Combo Breaker
    clio wrote: »
    Did GE Money put your apr up Neo like Virign did ??

    No, the rate on GE Money is 11.9% and no change there
  • kelloggs36
    kelloggs36 Posts: 7,712 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Apply for a lower APR CC and switch accounts.
  • Neoshoegal
    Neoshoegal Posts: 156 Forumite
    Part of the Furniture Combo Breaker
    updated in first post :-)
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