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High cost of credit
D_M_E
Posts: 3,008 Forumite
This thread got me wondering
https://forums.moneysavingexpert.com/discussion/5894274/jacamo-close-or-not
How many more of the N Brown group companies, such as
Jacamo
JD Williams
Figleaves
High and Mighty
and the rest will increase the interest to something like that reported in the above thread - 69.9%?
Also, how many will be pushed into an IVA or DMP as a result, or get hounded by debt collectors and saddled with a CCJ through being unable to either clear the balance or increase payments?
How many will be tempted by increased spending limits and end up being unable to pay?
https://forums.moneysavingexpert.com/discussion/5894274/jacamo-close-or-not
How many more of the N Brown group companies, such as
Jacamo
JD Williams
Figleaves
High and Mighty
and the rest will increase the interest to something like that reported in the above thread - 69.9%?
Also, how many will be pushed into an IVA or DMP as a result, or get hounded by debt collectors and saddled with a CCJ through being unable to either clear the balance or increase payments?
How many will be tempted by increased spending limits and end up being unable to pay?
0
Comments
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If a company writes to you with a planned interest rate increase you are able to reject this and close the account. You will then be able to pay the remaining balance at the original rate of interest at the same amount/frequency as before.0
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