New rules for credit card loans are to be announced today in a bid to crack down on excessive charges and irresponsible lending.In partnership with credit card companies and store card providers, the government is set to unveil a five point plan detailing the changes, which will take effect by the end of the year.Under the proposals, consumers will be able to pay off their most expensive debt first and will also have the option to dispute a hike in interest rates and charges, among other benefits.Speaking ahead of the announcement, Prime Minister Gordon Brown said: "These new rights will put an end to the irresponsible lending practices that people have been most concerned about, and help cut the cost of borrowing."The announcement will be good news for consumers who have recently been faced with the highest credit card interest rates in more than 12 years, according to Moneyfacts who found that the average rate is now 18.8 per cent.Belmont Thornton can help you make a PPI claim – Payment Protection Insurance Claim, or a credit card charges claim. For free PPI Claim advice call 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim pack or credit card charges claim pack.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
Please note that calls may be recorded and email traffic monitored for the purposes of security and staff training.
* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.