OFT guidance on fair credit card default charges

OFT statement (36 pages, PDF) on the application of the Unfair Terms in Consumer Contracts Regulations 1999 to credit card default charges. The report sets out the OFT's views as to the basis on which enforceable default charges should be set, and sets a £12 threshold above which the OFT will require evidence to be convinced that charges are not unfair.

Filed under OFT.

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