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PURCHASE *FINANCE CH

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  • 10-11-2014 10:38pm
    #1
    tuxx
    Registered Users Posts: 16 ✭


    Does anyone know where this charge comes from?
    PURCHASE *FINANCE CH 48.09

    We settle every month with at least the minimum payment.

    We have only just noticed this charge.
    PAYMENT PROTECTION P 23.30
    We also dont remember signing up for a PPP, but we have just noticed that on our monthly charges as well... Time to switch credit card providers I think!!
    Tagged:


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    #2
    coylemj
    Registered Users Posts: 25,437 ✭✭✭✭coylemj


    'CH' is the international code for Switzerland, 'CHF' is the code for Swiss Francs, that offer any clues? Bear in mind that sometimes when you buy mail order on the web, the credit card transaction can happen in an unexpected country.

    If it doesn't make sense, I'd phone the credit card company tomorrow, the first one may be a fraudulent transaction.


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    #3
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Purchase Finance Ch = Purchase Finance Charge = another way of saying of interest.

    Alas you probably did sign up for PPP. Up to a few years ago, it was a matter of a tiny tick box on applications. You don't have to keep it, however.


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    #4
    tuxx
    Registered Users Posts: 16 ✭tuxx


    coylemj wrote: »
    'CH' is the international code for Switzerland, 'CHF' is the code for Swiss Francs, that offer any clues? Bear in mind that sometimes when you buy mail order on the web, the credit card transaction can happen in an unexpected country.

    If it doesn't make sense, I'd phone the credit card company tomorrow, the first one may be a fraudulent transaction.

    Thanks for that. It's a regular monthly charge. We rarely use the card, and are on top of who we spend with..... I am now wondering if the CH is am abbreviation for Charges......


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    #5
    tuxx
    Registered Users Posts: 16 ✭tuxx


    BuffyBot wrote: »
    Purchase Finance Ch = Purchase Finance Charge = another way of saying of interest.

    Alas you probably did sign up for PPP. Up to a few years ago, it was a matter of a tiny tick box on applications. You don't have to keep it, however.

    I will be onto them tomorrow!! Thanks for that


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    #6
    GerardKeating
    Registered Users Posts: 7,652 ✭✭✭GerardKeating


    tuxx wrote: »
    Does anyone know where this charge comes from?
    PURCHASE *FINANCE CH 48.09

    We settle every month with at least the minimum payment.

    Unless you paid in full, you are liable for interest on the outstanding balance, and the above text is "AIB" speak for Interest, they started using it 2/3 years ago. Not sure how the other providers phrase it.
    tuxx wrote: »
    We have only just noticed this charge.
    PAYMENT PROTECTION P 23.30
    We also dont remember signing up for a PPP, but we have just noticed that on our monthly charges as well... Time to switch credit card providers I think!!

    You could cancel this, you should have also gotten some mail about this the past year or so, there are/were big scandals about the mis-selling of Payment protection Insurance. Ask them about it.


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    #7
    doubter
    Registered Users Posts: 451 ✭✭doubter


    GerardKeating wrote: »
    Unless you paid in full, you are liable for interest on the outstanding balance, and the above text is "AIB" speak for Interest, they started using it 2/3 years ago. Not sure how the other providers phrase it.



    You could cancel this, you should have also gotten some mail about this the past year or so, there are/were big scandals about the mis-selling of Payment protection Insurance. Ask them about it.

    and demand a refund !!


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    #8
    Nervous Wreck
    Closed Accounts Posts: 16,115 ✭✭✭✭Nervous Wreck


    doubter wrote: »
    and demand a refund !!

    Demanding a refund will get the OP nowhere is it wasn't missold. No harm in asking though.


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