• From The BBC:

    Unwanted credit card cheques are set to be banned and a new post created to help ripped-off consumers get their money back, the government says.Measures to assist people facing difficulties with debt and at risk from rogue traders are also in the plans. Figures from the Bank of England show that UK residents owe £233bn on credit cards, overdrafts and other loans. There has been a mixed reaction to the plans that include the creation of a Consumer Advocate. Under the plans outlined in a White Paper, the Advocate would raise awareness of consumer issues and take cases of “national importance” to court on behalf of groups of consumers seeking compensation and refunds. Credit cardsOutstanding credit card debt in the UK has reached £54.4bn – a figure that has started to rise in recent months after falling back in the course of last year.
    The government wants action to make lending practices more responsible, with concerns raised about debt levels during the recession. Credit ca…

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    Posted by Jon @ 1:12 pm

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