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.

A solution could be a remortgage or additional borrowing on your home, or even a secured loan* to help reduce monthly repayments and reduce debt. This is where we can help.

Don’t delay… click here to get in touch with us today.

*Securing unsecured debt with a mortgage may not always be the solution for everybody – securing short term debt over a longer period, may reduce repayments and reduce debts, however may cost you more in interest overall