Comments on: Credit Card Summit http://downingstreetsays.com/briefings/2008/12/09/6282 Every day the Prime Minister's Spokesman meets a small coterie of political journalists known as 'the lobby' for a topical chat, or 'briefing'. Fri, 19 Mar 2010 22:03:17 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: Evertom http://downingstreetsays.com/briefings/2008/12/09/6282/comment-page-1#comment-9955 Evertom Tue, 09 Dec 2008 17:26:45 +0000 http://downingstreetsays.com/briefings/2008/12/09/6282#comment-9955 I think if the company's do not step back into line with the goverment and their customers wishes. Ie, reduce the interest rates on the cards in line with the base rate reductions (at least) then the customers would be at liberty to refuse to pay the excessive charges. If they threaten to take you to court, let them. The only way we can get justice is to default and agree a pay back plan with the interest halted. I dont think there would be much sympathy with the banks when setting a repayment plan, as the goverment themselves disagree with what they are doing. I think if the company’s do not step back into line with the goverment and their customers wishes. Ie, reduce the interest rates on the cards in line with the base rate reductions (at least) then the customers would be at liberty to refuse to pay the excessive charges.
If they threaten to take you to court, let them.
The only way we can get justice is to default and agree a pay back plan with the interest halted.
I dont think there would be much sympathy with the banks when setting a repayment plan, as the goverment themselves disagree with what they are doing.

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