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Not a good time to use our credit cards

xarjia
Posts: 13 Forumite
hey guys,
just read this article which says bank charges for borrowing money is going up because banks are at a loss and want to increase their profit.
is this fair? no it isn't. how much more can we afford to pay them?
http://business.timesonline.co.uk/tol/business/money/borrowing/article3031063.ece
xarjia
just read this article which says bank charges for borrowing money is going up because banks are at a loss and want to increase their profit.
is this fair? no it isn't. how much more can we afford to pay them?
http://business.timesonline.co.uk/tol/business/money/borrowing/article3031063.ece
xarjia
0
Comments
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Agree with Hopon, its their money they can charge people what they like to borrow it.0
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I will use my credit cards extensively this Xmas. However, I will not pay a penny in interest or charges, since they will be settled in full.
CC's and store-cards are by far the most expensive way of borrowing.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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