This article will help all of those who have had then misfortune to be overdrawn, or who have had a late payment etc.etc.etc. If you are the member of any other forums, then please post it there as well.
Current credit card default charges unfair
OFT sets threshold for intervention
68/06 5 April 2006
Credit card default charges (see note 1) have generally been set at a significantly higher level than is legally fair, said the OFT today. The OFT estimates that across the industry this has led to unlawful penalty charges currently in excess of Â£300 million a year.