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.
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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