The Ombudsman advises paying credit card debts “in a timely manner”
He defender of the Province, José Leonardo Giallucawarned that after the approval of a DNU by the Government of Javier Mileiimportant modifications have been implemented in the Credit Card Lawwhich in some cases may affect their owners.
In that sense, he explained that “one of the most controversial points is what will happen if users do not pay their cards in full. This means that users could find themselves in trouble if they do not pay their card in full in a timely manner, since interest will accrue without restrictions”.
He indicated that “one of the most significant modifications of the DNU is the elimination of the 50% limit on punitive interest that financial institutions could apply. This means that users could find themselves in trouble if they do not pay their card in full in a timely manner, since interest will accumulate without restrictions,” he warned.
Yellowish reported that, in addition, the DNU annuls the rate limits that businesses can charge for the use of credit and debit cards. Previously, The law established a cap of 3% for credit cards and 1.5% for debit cards, so this elimination could generate an increase in costs for consumers.
On the other hand, he indicated that sanctions were repealed for companies that do not report the interest rate, and the punitive interests that could be charged to clients for non-payment were annulled.
“With the changes implemented in the Credit Card Law through the DNU of Javier Milei“Users should keep in mind that not paying the card in full can generate unlimited punitive interest and a considerable increase in debt,” the provincial agency warned.
He ombudsman of the province He added that the national government “with the new measures implemented outside the National Congress, has eliminated countless regulations that protected users and consumers, who today continue to go into debt to feed themselves, creating a social situation of dangerous tension.”
“To this we must add that there are no reference prices and businesses set abusive prices beyond the reach of people’s purchasing power,” he finally noted.
2024-01-07 06:27:57
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