shout credit card

jakeypoo

DO not get this card-I signed up for this and told them to take a monthly amount from my bank on the last day of every month. They have took £50 from my bank on 19th june- after 4 phone calls, to people that are robots and couldnt help, i had to give up,-I TOLD them money must come out at the end of the month, and was agreed on my application.Why have i not got a leg to stand on with this?HELP!!

grumbler

jakeypoo wrote: »

HELP!!

Just close the card and vote with your feet?
Not all billing systems are flexible enough for setting a DD on the day the customer wants.

TBH, I don't see why this is such a big deal. Just keep in your current account the amount needed from the start of the month till the 19th.

The_Boss

Quite apt that this credit card makes you want to shout.

CrazyAngel_3

I have just seen the TV advert for this credit card. To be honest I didn't think anyone would be crazy enough to apply in the first place with its APR of 627% !!

_Andy_

CrazyAngel wrote: »

I have just seen the TV advert for this credit card. To be honest I didn't think anyone would be crazy enough to apply in the first place with its APR of 627% !!

The APR is misleading/skewed due to the fees

planteria

never heard of it. just close and use an alternative if you can.
is it a 'credit rebuilding' card:question:

jasonwatkins

planteria wrote: »

is it a 'credit rebuilding' card:question:

It is apparently. They're doing it quite differently from other, similar cards. The minimum payments situation is interesting.

Your minimum monthly payment is designed to enable you to pay off your outstanding account balance quicker than you would with a typical credit card, and will be calculated each month as the total of your monthly fee plus 10% of your account balance. For example:

a) if your balance is £120, your minimum monthly payment will be £42 (£30 monthly fee plus 10% of £120);

b) if your balance is £280, your minimum monthly payment will be £73 (£45 monthly fee plus 10% of £280);

c) if your balance is £82, your minimum monthly payment will be £25 (which is the minimum monthly payment under the card terms and conditions)

If the fees taken don't actually go to bring down your balance, even a £120 balance would take nearly a year to pay off.

MrSilk

Wouldn't touch with a barge pole unfortunately! to me it's a con for the desperate! :eek: