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LLoyds interest rates
rhcp
Posts: 2,048 Forumite
in Credit cards
I had a letter from Lloyds this morning saying that they are going to link their interest rates to the Bank of England base rates, so interest rates may go up and down depending on that.
Also, if there is a change in your personal interest rate, they will give an exact reason for any change, giving 60 days notice. Examples given were not keeping to your conditions, riskier transaction types (ie cash, gambling), external credit reference agencies info, cost of running their business.
Also, if there is a change in your personal interest rate, they will give an exact reason for any change, giving 60 days notice. Examples given were not keeping to your conditions, riskier transaction types (ie cash, gambling), external credit reference agencies info, cost of running their business.
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Comments
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When you think of it interest rates can only go one way can't they?
It will interesting to see how much above base rates they will pitch it.
On the other side it will be more transparent I suppose.0
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