this thread is important!
people with £10k on there credit cards think they are doing well!
The way in which
> Mobile phone companies
> 'Free' Bank Accounts
> Payday lenders
Target those on low incomes and 'bump' charging c£100 pm for a £15 pm contract needs to be regulated. I think no company should be allowed to charge more than £15 in fees per month - credit cards work to this but the bad 3 above don't - they are a hemorrhage to the economy and there customers.
I predict , just me that in 5 years credit ratings won't be worth the paper they are printed on as the companies have ripped to many people off - I really like companies like Amigo Loans, they and Wonga show the credit system is failing in the UK...