Credit Cards Cheques that don't pay . Page 2

But the Office of Fair Trading { insurance } and the consumer

Use Homeowner personal loans to finance your needs the secured way: Homeowners are well placed to raise a loan at the best rates available. This article explains
Consolidation Loans for Tenants. Empowering Tenants with a Method to Counter Debts: Tenants will find it harder to raise a loan but its not impossible. This article explains
Remodel your Home. Take a Home Improvement Loan: A good introduction if you want a loan for home improvements
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IS YOUR LOAN COMPANY RIPPING YOU OFF?: Despite what they might profess, money lenders with sky high interest rates are preying on the people who are in the worst position of anyone else to pay the cash back. But no more, says the Competition Commission, which is standing up to these ‘Loan Sharks' and taking a stand.

group "Which" are much less impressed. They are urging consumers to tear the cheques up. They also want legislation to ensure that the credit companies properly inform their clients about the true costs of using the cheques.

Even last year, as part of a wide ranging enquiry into the credit card { cheap home insurance } market, the influential Treasury { mortgage quotations } Select Committee concluded that card companies should stop mailing unsolicited cheques. Their concerns were the cost of the cheques and the way these cheques were encouraging additional debt.

"Which" certainly agrees with the Committee. Their spokesman { mortgages } said "We want unsolicited credit card cheques to be banned, especially as we have found that companies use them to encourage indebtedness".

We agree.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS MAY BE SECURED ON YOUR HOME OR OTHER PROPERTY.