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Increasing APR
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task17
Posts: 1 Newbie
in Credit cards
Hi,
Virgin have recently, without notification, increased the interest rate on my CC by nearly triple what it used to be.
Does anyone know if this allowed and if so is there any way to get it reduced as at the rate it is at now I will still be paying it off in 20 years time.
thanks
Virgin have recently, without notification, increased the interest rate on my CC by nearly triple what it used to be.
Does anyone know if this allowed and if so is there any way to get it reduced as at the rate it is at now I will still be paying it off in 20 years time.
thanks
0
Comments
-
Hi,
Virgin have recently, without notification, increased the interest rate on my CC by nearly triple what it used to be.
Does anyone know if this allowed and if so is there any way to get it reduced as at the rate it is at now I will still be paying it off in 20 years time.
thanks
what do u mean without notification i thought it was the law to tell u.0 -
I doubt it was without notification. But yes, they are allowed to raise it as it's a variable rate product. Vote with your feet and change cards if it's a problem.Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
Do something amazing. GIVE BLOOD.0 -
Virgin have recently, without notification, increased the interest rate on my CC by nearly triple what it used to be.
Did they provide you with the option to pay the debt off at the existing rate, but effectively close the account so no further spending could take place. They are obliged to offer this to you.0
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