TimeOutCreditCards - The Story So Far (Version.1 published Sunday 29th January 2017) is the evolving story of how six credit card companies (representing nine separate credit cards) after having charged interest rates of up to 48% for over 10 years were politely asked (over a nearly two year period) to reduce their rates (they had already received in re-payments several times their outlay) which would enable the borrower to pay the cards off - All REFUSED. Usually by explaining to the borrower that they had ‘risk’ which they did not and they had to charge so much to cover that actual none existent financial risk. The role and purpose of these types of ‘revolving credit accounts’ as they apply or are utilized by our modern day credit card companies and or banks are descriptively outlined (below). Yet whilst the theory supports the activity the reality of this instance (as described in this publication), does not support their collective modern day usury. The Credit Cards Issuers / Banks being covered in this 1st edition of TimeOutCreditCards are (the company only address listed as at the beginning of the current process i.e. January/February 2014). MBNA, (2) Card Services, MBNA Bank, Freepost, P. O. Box 1006, Chester. MBNA, (3) Card Services, MBNA Bank, Freepost, P. O. Box 1006, Chester. Marbles (Part of NewDay), Marbles Card Services, P. O. Box 170, Sheffield, S98 1JR. Barclaycard, (1) Barclays Bank Plc, P O Box 9131, 51 Saffron Road, Leicester, LE18 9DE. BarclayCard Business, (2), Barclays Bank Plc, Dept PP, Bolton, BL11 1XX. RBS, Personal Assistant, RBS Black Card, P. O. Box 5747, Southern on Sea, SS1 9AJ. Opus (Part of NewDay), Opus Card Services, P O Box 142, Sheffield, S98 IHH. Capital One, Capital One, P. O. Box.1000, Camberley, GU15 3ZQ. There follows a common description of how a credit card works and operates, under what we are terming and referring to as a ‘Revolving Credit Account’. ;
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