MSE News: Millions won't get advertised rates as EU weakens protection

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  • harryhound
    harryhound Posts: 2,662 Forumite
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    My DW has been given the Halifax "Clarity" sub prime interest rate.

    Makes you wonder how prime the prime ones have to be as she has a steady income and a Halifax current account.

    Perhaps it is because she pays her existing credit card off in total on time by direct debit ?
  • Clive_Woody
    Clive_Woody Posts: 5,856 Forumite
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    harryhound wrote: »
    My DW has been given the Halifax "Clarity" sub prime interest rate.

    Makes you wonder how prime the prime ones have to be as she has a steady income and a Halifax current account.

    Perhaps it is because she pays her existing credit card off in total on time by direct debit ?

    What's her credit history like, plus what is her current level of debt compared to income?

    :D
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
  • Gordon_the_Moron
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    Plus if she pays off in full by direct debit, who cares what the interest rate is?
    If you don't like what I say slap me around with a large trout and PM me to tell me why.

    If you do like it please hit the thanks button.
  • harryhound
    harryhound Posts: 2,662 Forumite
    edited 22 February 2011 at 4:33PM
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    The Halifax "Clarity" card was meant to be a cheap way of getting cash from ATM's overseas.
    (Still not clear what happens if it is "accidentally" overpaid rather than waiting for the statement and (delayed?) direct debit).
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