Financial Facts views the the key objectives of government’s proposed measures to be aimed at preventing credit card companies from continuing an “unfair” relationship with consumers.
Government wants to stop credit card providers from raising interest rates on existing debts and to ban the raise of a customer’s credit limit without consent.
Customer’s most expensive debts will be prioritised for repayment, while a rise in the size of repayments aims to speed up debt repayment. Read the rest of this entry »
