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long time no see
Earthsea
United Kingdom
6344 Posts |
 Posted - 02/02/2008 : 18:08:53
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http://news.sky.com/skynews/article/0,,30400-1303722,00.html
American Bank Citigroup
who owns Egg UK Bank
is to stop 160,000 UK customers credit cards.
This is unfair,
many have said on the National TV and Radio news today.
Not all of these card customers are guilty or a risk
so why are they part of the list?
How do they then get another card
with this American record mark.
Sign Of The Times.
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Edited by - long time no see on 16/02/2008 14:43:05 |
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Miriam Binder
Earthsea
United Kingdom
5259 Posts |
Posted - 02/02/2008 : 18:52:28
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quote:
Originally posted by long time no see
Not all of these card customers are guilty or a risk
so why are they part of the list?
Oh, I don't know LTNS.I think they have been deemed to be a risk. quote:
They are spending over their credit limit or failing to make minimum repayments, it is thought.
here
and from the same source
quote:
Egg is not asking for immediate repayment of balances or making any changes to current terms and conditions or interest rates.
He went on: "The credit profiles of affected customers had deteriorated between the time they joined Egg and the acquisition in May 2007.
"The decision to end these customer agreements was taken after conducting a one-off, extensive risk review of our book, following the acquisition of Egg by Citi in May 2007."
here |
"Those who would give up essential liberty to purchase temporary safety deserve neither liberty nor safety" - Benjamin Franklin |
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long time no see
Earthsea
United Kingdom
6344 Posts |
Posted - 02/02/2008 : 19:01:25
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Yes the Bank says many things
but many Cutomers on live & recorded "Radio and TV News"
have said they are being Out Of Order.
Not all are at Risk from that mega amount. |
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nightowl
Barsoom
249 Posts |
Posted - 02/02/2008 : 20:01:19
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quote:
Originally posted by long time no see
Yes the Bank says many things
but many Cutomers on live & recorded "Radio and TV News"
have said they are being Out Of Order.
Not all are at Risk from that mega amount.
LT if somebody owed you a large sum of money with no hope of paying it off but increasing the debt, you would stop their account.
160.000 is not a lot considering the amount of cards out there..... |
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gcrkfrd
Barsoom
USA
377 Posts |
Posted - 02/02/2008 : 20:20:44
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| Well it would not be so bad to LT, if it were a Heinie Bank, or a Frog Bank, but its an American Bank. |
AMERICAN BY BIRTH, UNION BY CHOICE |
Edited by - gcrkfrd on 02/02/2008 20:22:01 |
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long time no see
Earthsea
United Kingdom
6344 Posts |
Posted - 02/02/2008 : 20:54:06
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It is a UK Bank
owned by pathetic Americans.
FACT. |
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long time no see
Earthsea
United Kingdom
6344 Posts |
Posted - 02/02/2008 : 21:01:15
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quote:
Originally posted by nightowl
quote:
Originally posted by long time no see
Yes the Bank says many things
but many Cutomers on live & recorded "Radio and TV News"
have said they are being Out Of Order.
Not all are at Risk from that mega amount.
LT if somebody owed you a large sum of money with no hope of paying it off but increasing the debt, you would stop their account.
160.000 is not a lot considering the amount of cards out there.....
Yes but the Dumb Ass Americans
are not just picking on the folks in debt.
Watch BBCNews24
or SkyNews.
Check out Moneyline on BBCradio4.
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nightowl
Barsoom
249 Posts |
Posted - 02/02/2008 : 21:17:57
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| Credit control, thats all it is, can't be a bad thing ............ |
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Miriam Binder
Earthsea
United Kingdom
5259 Posts |
Posted - 02/02/2008 : 21:22:47
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quote:
Originally posted by long time no see
Yes but the Dumb Ass Americans
are not just picking on the folks in debt.
Watch BBCNews24
or SkyNews.
Check out Moneyline on BBCradio4.
No, they are selecting people they view as high risk due to a tendency to spend over their credit limit or failing to make minimum repayments. That is just good business practise. |
"Those who would give up essential liberty to purchase temporary safety deserve neither liberty nor safety" - Benjamin Franklin |
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long time no see
Earthsea
United Kingdom
6344 Posts |
Posted - 02/02/2008 : 21:24:13
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quote:
Originally posted by nightowl
Credit control, thats all it is, can't be a bad thing ............
Wrong
if you are not guilty
then your Credit Card is taken away
can Halt your Credit.
ITVTonight
with feature this, this week.
Proving that many are Good Credit Customers
So it is bad thing.
Life In The City.
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NAZZ
Barsoom
United Kingdom
174 Posts |
Posted - 16/02/2008 : 12:45:57
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Think you will find in all the mumbo jumbo,the ppl being targetted are those who pay the full amount every month.
No profit/interest from this action.
Those who pay the minimum amount are what the credit co's want,so they get more profit/interest |
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long time no see
Earthsea
United Kingdom
6344 Posts |
Posted - 16/02/2008 : 14:49:23
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quote:
Originally posted by NAZZ
Think you will find in all the mumbo jumbo,the ppl being targetted are those who pay the full amount every month.
No profit/interest from this action.
Those who pay the minimum amount are what the credit co's want,so they get more profit/interest
Yes they got rid of many cutomers
that all pay on time.
Criminal.
FACT. |
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US Bank Owner stops 160,000 UK Credit Cards
