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[maria]

The best thing is Not to have any credit cards ever and then you will be  debt free just like me as I have never and wont have any credit or store cards if I cant afford it then dont buy it is my answer" smiples"

[Andy B]

The best thing is Not to have any credit cards ever and then you will be  debt free just like me as I have never and wont have any credit or store cards if I cant afford it then dont buy it is my answer" smiples"

I use mine all the time, then you've no worries about whether you have enough cash on you for whatever ..... fuel, food etc As long as you're paid as much as you spend on it, then there's no problem. (I know that could be easier said than done  )
As cheques are increasingly becoming something of the past, then at  some point for somethings I don't know how you'd manage without one eg car insurance (I know you don't drive, but you get my meaning  )

[aaronjb]

Not to mention payment protection in case the stuff doesn't turn up/is broken/etc, and internet fraud protection you can get with a credit card that you (usually) don't with a debit card

Very useful things.

Now if only I could stick to that 'not spending more than I earn' thing

[Field Marshal Dr. Opti]

Not to mention payment protection in case the stuff doesn't turn up/is broken/etc, and internet fraud protection you can get with a credit card that you (usually) don't with a debit card

Very useful things.

Now if only I could stick to that 'not spending more than I earn' thing

Does anyone remember "World of Leather?".....People who paid with cash didn't see which way their money or their new sofa went... :-/ :-/

[Kevin Wood]

Not to mention payment protection in case the stuff doesn't turn up/is broken/etc, and internet fraud protection you can get with a credit card that you (usually) don't with a debit card

Very useful things.

Now if only I could stick to that 'not spending more than I earn' thing

Thanks for reminding me. I have some "chasing up" to do. Might have to send "Barry the Baptist" round soon.

Kevin

[Tony H]

Now chop up the card into tiny pieces and chuck it in the bin. That'll learn'em, and there are plenty more credit card companies eager for your business..

Kevin

I did speak to a gentleman in customer services Kevin......I politely explained I was just one day late with my payment ......and  as a gesture of goodwill.....perhaps MBNA could waive the charges...He laughed for an inordinately long time before the phone went dead....  :-/ :-/ :-/

That has worked  for before now with MBNA. It's set up as a direct debit now so I can't forget.

It suprises me that the card companies allow payment by direct debit, they must make a fortune out of people who forget to make a payment

[Andy B]

....
It suprises me that the card companies allow payment by direct debit, they must make a fortune out of people who forget to make a payment

They must.
I suppose I'm one of the worst type of MBNA customers, they only make money from who ever I buy stuff from. I pay up in full each month.   

[bigegg]

I'm considered quite an expert on bank charges and debts and stuff [1]:

The charges are set at £12 because that is what the Financial Ombudsman Service says that at that rate or less, they will not *automatically* consider the charge as "disproportionate".

There is statute law which states that the penalties for breaking the terms of the contract cannot be more than the actual costs incurred by the aggrieved party.
So BY LAW a bank or credit card cannot charge you more than it actually costs them.
This is the basis behind the "claim back your bank charges" adverts.

If anyone is having problems with debts, or finance houses in general, I HEARTILY recommend www.consumeractiongroup.co.uk

It's a forum (much like this) with free advice, letter templates etc.
I couldn't find the current figure at a quick glance, but they claim to have helped reclaim £1.5M (?) in bank charges.

and this:
http://www.consumeractiongroup.co.uk/forum/showthread.php?131409-Cheekiness-towards-a-DCA&highlight=cheekiness+towards+a+DCA

is worth a read if you're getting phone calls from DCA (debt collecting arsgencies
 


[1] mainly by me :.) [2]
[2] but I have reclaimed about 30k in bank charges and missold PPI for both myself and family members - as well as getting a 20K loan written off...