Not a good time to use our credit cards

xarjia

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

hopon

You don't have to pay them anything, just don't spend what you haven't got!!

It's perfectly fair - they set the rates they'll charge you can either accept it or look elsewhere.

DaisyFlower

Agree with Hopon, its their money they can charge people what they like to borrow it.

Jonbvn

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.