Comments on: What Does The Credit Card Reform Mean To You As A Consumer?

By: Debt help UK

Debt help UK — Wed, 17 Mar 2010 12:18:16 +0000

With the passage of time more and more companies are emerging into the credit market with additional benefits they are providing to its customers, so it’s become very necessary to make some reforms in the credit industry both for the benefits of the lender and borrower.

By: financial-book.com

financial-book.com — Wed, 10 Mar 2010 01:58:12 +0000

i think credit limit and security are most important for now.

By: MP3 Fan

MP3 Fan — Fri, 05 Mar 2010 09:09:21 +0000

In the UK the situation stinks. The only people that can now get credit are the people that don’t need it. We have a state-owned bank which taxpayers have given millions to that won’t lend out any money.

I’m not saying we should revert to the days of irresponsible lending and tempting people into debt with free gifts, but there should be some common sense return to affordable lending.

By: Priscilla Solomon

Priscilla Solomon — Fri, 05 Mar 2010 08:21:53 +0000

Credit card issuers normally set you up on a certain interest rate depending on your credit record and payment history. If you have maintained a proper payment routine, you can certainly negotiate with the issuers on the interest rate. There are several companies to offer you card, so you can always shop around for the best deal. Make sure that you read their terms and conditions carefully before signing on your account, so that you do not incur extra charges and penalty for reasons that you were not aware of.
In the current financial scenario, a complete slash on interest rates in the credit card industry, is not a possibility. However, as an individual, you can maintain a good credit record and avail lower rates of interest.

By: Priscilla Solomon

Priscilla Solomon — Fri, 05 Mar 2010 08:06:31 +0000

Credit limit is indeed a matter of concern these days. It is the issuers advantage, which appears to the consumer as a lucrative offer. Credit card debts keep piling up due to this. Consumers need to be more conscious and careful while taking out a new credit card, and even while using it.

By: dofollow backlinks free

dofollow backlinks free — Thu, 04 Mar 2010 06:48:50 +0000

credit card companies should reduce interest and financial charges.

By: Rik lcd

Rik lcd — Wed, 03 Mar 2010 12:46:31 +0000

I think credit card companies need to be a lot tighter regulated in the UK – the practice of sending out cheques with obscene credit limits to people who have only just finished paying their balance down is financially inhumane.

Something needs to be done about this and the way banks structure the payments with interest / interest free money being apportioned – it’s scandalous the way they do it at the moment