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Interest rates
alcli01957
Posts: 1 Newbie
in Credit cards
Bank of England reduced base rate over a week ago yet card companies have not yet passed on any reductions to help out at the moment. Know your advice is to pay each month but some of us caught up paying nearly 20% & more. Is any pressure being put on Barclaycard etc to help out at this time?
0
Comments
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The rates are more likely to go up as the default rate increases. Few card rates are linked to base rate in any case.
They'll probably help you out with payment holidays if you ask them.0
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