Calculating fair default charges in credit card contracts (April 2006)

The Office of Fair Trading's view of the principles credit card issuers should follow in setting default charges in their standard contracts with consumers in order to meet the test of fairness set out in the Unfair Terms in Consumer Contracts Regulations 1999.

Publication Ref: oft 842

Availability: Mail and Download

Calculating fair default charges in credit card contracts (pdf 203 kb) Consumer summary credit card default charges (pdf 67 kb)