What Next for Victims of Egg?
Since the Internet financial giant Egg announced its decision to withdraw the credit card facilities of 161, 000 customers, there has been a great deal of controversy, with industry professionals, government officials, and consumers launching verbal attacks on the lender. Egg has been accused of cancelling credit cards because the cardholders were good payers and therefore did not generate enough profit, but Egg officials have insisted that the reason behind the cancellations was that the cardholders were a high risk or were likely to become a high risk. Recently the former foreign affairs minister and Labour MP Nigel Griffiths announced that he was meeting up with the chief executive of Egg, Ian Kerr, in order to discuss the situation. ...
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