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  • #1

    FCA: Credit cards can encourage excessive debts

    FCA: Credit cards can encourage excessive debts

    This is a duplicate of the Blog Entry made on 5th April 2014 09:21.

    *The UK's top financial regulator has accused the credit card industry of encouraging excessive debts. * Martin Wheatley, the chief executive of...

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    Tags: accused, apr, april, cards, chief executive, credit, credit cards, debt, debts, excessive, fca, financial, increase, martin wheatley, nice, order, pay, regulator, reviews, size, spending, stop, wheatley
  • #2
    Re: FCA: Credit cards can encourage excessive debts

    Nothing like stating the bleedin' obvious!
    Let your smile change the world but don't let the world change your smile

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    • #3
      Re: FCA: Credit cards can encourage excessive debts

      I just hope all these reviews of everything will actually come up with concrete proposals to stop some of the behaviour of this industry.

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      • #4
        Re: FCA: Credit cards can encourage excessive debts

        No Sh&t Sherlock LOL nice to see the FCA are actually doing something.....not.

        Of course it creates excessive debts. Increase spending balance, increase APR. The way they pay down on particular types of spending in a certain order, all of that creates needless debt.
        I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

        If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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