catalogue

[loobydoo75]

Hi, im a bit confused.. i have just had a letter from my littlewoods catalogue putting up the apr rate.. i was on32.9% and now from later nxt month it will go up to 39.7% Cant understand it going up as always pay on time and over required amount?! i looked on web page and it says they have a right to vary interest rate for commercial reasons? sorry for being thick but what does that mean?? If i was shoddy with payments i might understand it, or is it them just being greedy!!
Cheers for any help

[CheekyChops]

It's not just you, they are increasing the rate for everyone. There was a thread over on moneysavingexpert about it earlier, a Littlewoods employee was advising everyone of what had happened.

[gina32]

i think littlewoods dont charge you if you pay what they call the interest free amount instead of the minimum amount or anything inbetween the 2 if that makes sense

[hundreddolla]

39.7%APR!!! You must be a mug!