In today’s fast-paced world, everyone wants everything as quickly and efficiently as possible. The only problem with this new quicker-is-better way of living is that it opens us up to a host of new vulnerabilities; when we want things faster, and have less time to go about getting them properly, such as credit cards, we often don’t take the necessary measures needed to protect ourselves from credit card company false marketing pitches and schemes. Many companies make promises that sound too good to be true to get you to fill out the application for their products, and once you’ve used the card and realized that their promises were empty, it’s often too late to do anything about the fact that you’ve been sold mis-sold credit cards.
So you’ve signed up for a new credit card, signed the papers that come along with it and make your first purchase. Then, when you check your statement, you realize that no, your card is not interest-free, low-interest, or anything that the salesman that sold it to you said it would be. So where did you go wrong? What can you do now? What can you do next time to avoid being mis-sold credit cards?
First things first, you need to have a look at the terms and conditions that came along with your credit card. They will tell you exactly what the legal agreement is between you and your credit card provider. If these terms and conditions are in line with what the company is doing now, then too bad, unfortunately the only thing you can do now is cancel your card and close the account. If there is a discrepancy between your agreement and what your company charges you, then let them know they’ve mis-sold credit cards.
In the future, be sure to read the full terms and conditions associated with your credit card before signing anything to avoid being mis-sold credit cards.