It has been reported recently that consumers with credit cards are being chased by their credit card provider as soon as they miss a repayment even if they have previously had very good credit.
Tags: late payments, credit card repayments
A huge number of credit card customers decide, for one reason or another, not to set up a direct debit or standing order to make repayments on their credit card bill, and instead make a manual payment online, by cheque, or by phone when their credit card statement arrives.
Tags: direct debit repayment, [...]
In the current financial and economic climate an increasing number of consumers are struggling to keep on top of credit card and other debts, and this has led to a steep increase in default levels.
Tags: Money Advice Trust, credit card repayments, credit card debt
Leading UK building society, Nationwide, has recently said that the UK needs to follow in the footsteps of the United States when it comes to credit card regulations relating to the allocation of repayments.
Tags: US credit card regulations, credit card debt, credit card repayments, Credit Cards, nationwide
Recent research has been carried out showing that some credit card holders could face making repayments on a relatively low credit card balance for three decades. Officials from uswitch.com, who conducted the research, said that some people could be facing thirty years of repayments even on a debt of just £1400. The research showed that [...]
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