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Guardian online Article "Credit cards: new UK rules could mean end of O% interest deals"
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phillw
Posts: 5,664 Forumite
Is this the end?
https://www.theguardian.com/money/2023/jul/22/uk-credit-cards-rules-o-interest-deals-bank-accounts
Some 0% interest deals rely on customers missing payments to make money – which count as a ‘bad outcome’ under the FCA’s new rules.
These are just a few of the possible outcomes from a big shake-up of UK financial services that takes effect from 31 July.
https://www.theguardian.com/money/2023/jul/22/uk-credit-cards-rules-o-interest-deals-bank-accounts
Some 0% interest deals rely on customers missing payments to make money – which count as a ‘bad outcome’ under the FCA’s new rules.
These are just a few of the possible outcomes from a big shake-up of UK financial services that takes effect from 31 July.
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Comments
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From the article"could""may""possible outcomes""should"Might just have to wait and see
Things that are differerent: draw & drawer, brought & bought, loose & lose, dose & does, payed & paid0
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