Government under fire over credit card plans
02 February 2010 11:32:12
 |
| Tories hit out at credit card debt settling scheme. |
According to a new report in the Sun, a pilot scheme will be launched next month, with cash-strapped consumers invited to pay for offences such as speeding fines on their credit cards.
The move has been slammed by the Conservatives, particularly in light of the current economic climate and the fact the credit card interest rates are now 16.3% on average.
"You couldn't make it up. Labour ministers have given bailiffs the go-ahead to collect credit card debts by credit card," shadow housing minister Grant Shapps told the newspaper.
"This callous approach will give the green light for aggressive bailiffs to demand credit card payments with menace, pushing some of the most vulnerable in our society deeper in debt."
Mr Shapps added that the move underlines the feeling that the government has "lost touch with reality".
However, a spokesman for the Ministry of Justice noted that magistrates' courts already accept debit and credit cards and stated that cash and cheque payments remain acceptable alternatives.
‹ Back
Other Credit cards News
-
Warning - credit card scam exposed
Online financial scams keep increasing every year in the UK market - learn more about the latest phishing scam and how to protect yourself from fraudsters. -
No fee and low fee cards
New Cashback and Rewards credit cards from Sainsbury's with extremely low rates. -
Card charges you can avoid
The excessive surcharges for credit cards have been banned since the beginning of the month, however there are several other charges you could avoid. -
Credit card deals for 2013
Discover the Best 2013 Balance Transfer Credit Card Deals on the UK Market.
All Credit cards News
Other Home Page News
-
Bruce Willis Boosts Russia's Trust Bank
Celebrity marketing might not be the safest choice but Trust Bank has found the recipe for success. -
Warning - credit card scam exposed
Online financial scams keep increasing every year in the UK market - learn more about the latest phishing scam and how to protect yourself from fraudsters. -
No fee and low fee cards
New Cashback and Rewards credit cards from Sainsbury's with extremely low rates. -
Retirees provide financial family support
New research shows that UK adults are still relying on their parents for everyday living costs.
All News Stories
Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
