www.iva.co.uk

To me they are pushers in monetary sense...promoting it is alright to be in DEBT!!!!!!!!!!!!!!!!!!

1.Giving upto £20K or more of credit at interest rate of 15% -22%, cash advance at 27% per annum(Cap 1).

2. They don't care if you never pay it all back in your life time....they take you house if you have one.

3.Balance transfer to keep the debt going for life!! But they charge 2.75% for each transfer!

4.They want Payment protection - more expensive than income protection. They don't like it when you cancel. I had to before my IVA - YELL down the phone to Halifax to get it CANCELLED!!!

5.Lowering monthy payments to 2.5% for just interest so the debt goes on and on.

6.Do not like people who have a credit card and pay on time - they say these people are been subsidised(by the poor)...oh how caring for the Banks to mention that.

7.In previous Select committee hearings - CC Bank bosses say to MPs you have no powers to tell us how and what to charge!! Even telling the OFT they can't legally tell the Banks to adopt fair principles.

Some of the them incl these US banks operating in the UK made people like me others pay 95% of our monthly payment covering interest only -so debt never get paid off.

I've IVA this lot and they probably didn't get much back from Max Recovery.

Absolute pushers......still goes on out there....

because they like making money out of us they might think we will get them in a trap get them into debt and make lots of money of of us

JOHNPAUL

and depends on what apr the charge 19.9% some credit cards are as much as 44% they make lots of ££ out of us if we keep spending there money they are silly people for doing is but i must say its 50% there fault for giving it us and 50% our fault

JOHNPAUL

and one more thing i think credit card companys should put a cap on how many credit cards you have i think only 1 should be eought and by it by direct debit each month

JOHNPAUL

It's all very well to blame the banks, but if no-one took out a credit card at 27.9% interest then they wouldn't be able to charge it - at the moment it all comes down to supply and demand.

It seems that some people seem to want to blame the banks entirely, and while I agree they make it too easy I don't recall being threatened or tortured until I agreed to take the money.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

its 50% our fault skippy and 50% theres but after you get a credit card you think thats great after 12 months you might have a limit of 1k at the start and then they will upper it to 3k or 10k without telling you so whos fault is thats skippy for uppering these limits

JOHNPAUL

OK, maybe they shouldn't up the limits without asking permission, but if you contact them they will lower them.

I'm not defending the banks, but I just don't think some of these views are very balanced.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

i agree with that skippy i got my first loan for 3k 5 years ago i had a credit card i went over the limit on 2 of my cards thats why i needed the loan anyway i got it with lloyds tsb who i use to bank money with and they took the card of me as that was my first loan and the 3k was in my bank account within 1 hr as melanie giles as said we are going cash less these days
and i think andy davie is right saying when he had is shop they uppered the limit within 2 years i think its to temting to have them upper your limits

JOHNPAUL