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Interest rate hike

Dogzy
Contributor

Interest rate hike

Why after a 10 yr low interest rate environment and a cut in the BOE interest rate today from .75% to .25% , the lowest ever, does PayPal believe it is appropriate or FAIR, to increase interest rates. Mike Carney has specifically said today the rate cut is to help UK households! I believe you are not listening. PP say it is an increasing interest rate environment?..

I await Pp response but should we all go to the Financial Ombudsman as this appears to be an unfair practice????

Thoughts?

Thank you.

3 REPLIES 3
kernowlass
Esteemed Advisor

Re: Interest rate hike

@Dogzy 

 

Don't use paypal credit seems a plan then?


Advice is voluntary.
Kudos / Solution appreciated.
Rigney
Contributor

Re: Interest rate hike

Some here. I have a perfect credit score and repayment history to increase the rate from 19.9 to 25.9 overnight is outrageous. I’m not happy with this at all

Antzman1962
New Community Member

Re: Interest rate hike

How do you think I feel my balance is over 1200 so when they slap the increase on it may put me in the red