Students are often portrayed as being lazy, indolent, or, perhaps most damningly of all: scruffy. But todays students are often more active and involved than their parents, and they demand the rewards that come with this behaviour. Valuable pieces of equipment are de rigueur in many of the UKs student halls; parents having lavished attention upon their offspring in the form of gifts, money and, increasingly, credit cards cards immediately used to go out and purchase more …
Excessive Bank Account And Credit Card Charges Attacked As Unfair And Possibly Illegal
One missed credit card payment, or going overdrawn without permission, and suddenly a £30 charge can be incurred. Bank charges can seem unfair and too harsh given the frequently tiny amounts of unauthorized borrowing involved. Now it seems that the law could be in agreement.
Following on from an investigation launched in October 2003, eight major credit card companies were told in July 05 by the Office of Fair Trading (OFT) that the charges they levy for late payments wer…