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Welcome to the world of the Vincent D'Onofrio obsessed - and a bit of real life thrown in.

Thursday, January 19, 2012

Con Artists

I'm sure none of my readers will be surprised at this description of a bank in this day and age.

I just received a letter from my credit card provider, which is also my bank, to say they are raising my "personal" interest rate to almost 16%. This is at a time when the base rate is just 0.5%. This is because the "status of my credit file has changed".

I am supposed to check the credit reference agency my bank uses to see if there is inaccurate information in my file. This appears to be free, but you have to sign up to £14.99 a month once the free 30 days are up, with no indication of quite how you cancel.

Since my bank, and my bank alone, would have provided all the information to the agency, my details would only have changed if they had changed them.

Am I wrong to assume that the bank and the credit agency are in cahoots to steal my money any way they can? 'Cos with a house I paid £12,000 for that is now worth a third of a million, a tiny mortgage, no recent credit purchases, and a reducing credit card debt, my credit profile should stellar.

5 comments:

judith said...

Banks and credit card agencies are very much in each others pockets...

JoJo said...

It's such a scam. Of course they are in cahoots. Here you are entitled to one free credit report per year but I think you have to apply directly to the 3 major ones here. I know my credit took a hit with my house...but I continue to make all other payments on time.

vikeau said...

A scam on top of a scam. With a serving of scam on the side. Ugh, I hate em.

DaisyDeadhead said...

Awesome profile pic--I'd love to vote for him! :)

bobbybegood1 said...

Both companies are aidin and abetin to steal your money. Keep on top of the situation, Val. Funny Vikeau. Cheers!!

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