Littlewoods Direct APR increase WARNING

insidejob_2

Sorry if this is posted in the wrong place, please feel free to request it to be moved to where it will be read by the majority.

I work for Littlewoods, and staff have been given a briefing to advise us that customers APR rate is increasing from typical 19.9% to 39.7% if their balance falls below £1,000. This will be effective from 28 JUNE 2008.

I post the full briefing if asked & it's of use to anyone out there.

Best advise from us staff is pay up or move your debt elsewhere before June.

Gemmzie

Thanks, that'll be very helpful for lots of members

boredofbeingathome

Good grief, i know what my red pen will be doing if i get another offer from littlewoods..

marksandsparksgal

That's SO evil!

I hate catalogue companies....it's obviously to pay the huge fee they had to pay for that rubbish Trinny & Susannah advert a while back. :rotfl:

insidejob_2

I should also have mentioned it will also affect Marshall Ward & Additions

LilacPixie

:eek: Just a little bump. Letters arrived this morning confirming this :eek:

I'm gonna have to play with my snowball as there is no way they are charging me 39.7%!!!

We have both litlewoods and additions with under £300 spread over both.

immoral_angeluk

39.7%???????????? Rip off merchants... :mad:

Lucy1982_2

OMG!!!!

And I had a conversation with my cousin about them last night. She has just been given an flat and when we asked how she would afford furniture and stuff, she said she would just stick in on her Littlewoods account!!!

She's going to be in for a shock!

Broken_hearted

Yep and no matter how many times they are asked they won't shut down the accounts.

thepinklady

OMG!!! Seriously can they do that???

I don't spend on my account anymore, and managed to get it from 3K to £791 in under 6 months. Can they get me with this increase at all??

beanielou

Wow, that s one big jump.
Time for peeps to ditch if they can.