Mr cash warns of brand new bank cards with interest levels of as much as 80%. What is the issue?

Mr cash warns of brand new bank cards with interest levels of as much as 80%. What is the issue?

HARD-UP Brits obligated to count on bank cards directed at poor people can find yourself paying more interest than they might with a quick payday loan, we are able to expose.

Loan providers are focusing on families with poor monetary histories having a brand new strain of credit card that charges as much as 80 % interest.

The interest on cards is uncapped – meaning it can spiral into thousands more pounds and take longer to clear unlike payday loans.继续阅读