Credit Cards News

Credit card companies should help customers through credit crunch

12/05/2008

Credit card customers could be among the forgotten casualties of the credit crunch according to Fool.co.uk. Although there is constant speculation over mortgage rate changes when the Bank of England base rate, credit card rates are very rarely touched upon.

Head of personal finance, David Kuo, said: "The Bank of England has trimmed interest rates three times since December 2007. But, despite the cuts, interest charges on outstanding credit card balances remain disgustingly high." more


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