Credit Card Customers Face Higher Minimum Payments
Many credit card and store card customers have seen minimum repayments rise, at a time when finances are already stretched due to both Christmas and the Covid-19 pandemic.
Increases to charges of 2% and 5% of the full balance have been recorded over recent months for minimum repayments.
This may come as a nasty shock for many clients whose finances have already been stretched and may tip the bill over into being unaffordable.
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