Banking Regulation and Supervision Agency (BRSA), has been working on a credit cards 'payment rate' to raise the finished work of envisioning about editing.
4 Two of the main substance of the executive regulations for a total of 6 items change, as currently applied by 20 percent to 40 percent raised the minimum payment amount.
Regulation, the regulation was reformed in payment of credit card debt. Accordingly, three times in a year that pays less than 50 percent of the consumer credit card debt, cash withdrawal will be taken right away.
In addition, frozen in the credit card limit. Change of regulation, the minimum payment amounts related to two separate editing took place. Accordingly, the existing credit cards, credit cards will be different with the new minimum payment requirements apply.
25 PERCENT OF THE MINIMUM PAYMENT
According to the first amendment to the Regulation, the new limit will be 15 thousand pounds credit cards card credit card minimum payment amount will be up to 25 percent will be implemented.
Credit card limit is between 15 thousand pounds thousand pounds to 20 cards minimum payment amount is applied to 30 percent. 20 thousand pounds and the limit on credit cards, the minimum payment amount will be 40 percent.
In the current situation, as 20 percent of all credit card debt minimum payment amount is applied.
New credit cards will be the minimum payment amount varies according to the limit as 25 percent and 40 percent to be applied.
Current credit card minimum payment amount, the limit of up to five thousand pounds at cards, issued a year later to 22 percent. Payment amount will increase with increasing the limit.
The current minimum credit card payments will be increased gradually.
Within a year three times in less than 50 percent of the debt is paid credit cards, cash and limit the increase of gravity to close.
LIMITS OF PAYMENT AMOUNTS WILL BE HOW MUCH?
Limit of up to five thousand pounds for a year credit cards minimum payment amount by 20 percent, will rise to 22 per cent at the end of the year.
Limit the credit cards between 5-15 thousand pounds in the six-month period will be given to consumers. Within 6 months, 20 percent of the minimum payment, then will be 22 percent.
Limit the credit cards between 15-20 thousand pounds in payment of the amount required, apply to the first six months 20 percent, will rise to 22 percent in the second six months. Third six months, 25 per cent, to 28 percent in the fourth will be released every six months.
Limit of 20 thousand lira credit cards over the minimum payment amount will be increased in the six-month segments. 20 percent of the amount to be applied in the first six months, 22 percent, 25 percent, 28 percent, 30 percent to 35 percent and will be upgraded.
CANCELLATION OF CREDIT CARD TO BE UNDER CONTROL
Credit card cancellation also be under control. An example of the application is made on the subject to the consumer may cancel the request form. The event of cancellation, the consumer can complain about the bank this form.
Regulation, the minimum payment will increase gradually, as existing credit cards, compulsory payment amount will be increased gradually. Currently being used in four separate arrangement was made with credit cards.
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