Pressure on credit card firm to cut interest

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Credit card companies have agreed to do more to help borrowers struggling to pay their debts.
The industry is to report back to the government in two weeks to agree a set of "fair principles" to help borrowers.
Representatives met Business Secretary Lord Mandelson to discuss whether firms should further cut interest rates.
The principles will cover risk-based pricing, under which the interest rate charged is based on the risk of people defaulting on their borrowing.

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J

james90

True but the problem is that so many people over the last few years have borrowed so much especially small business owners that credit and loans to help balance the economies of scale to help companies thrive is still hard to obtain.
 
L

lcgyy

Sometimes,I think the credit card is loan for me.
 
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