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Direct debits could help consumers avoid credit card charges

Consumers could avoid credit card charges by setting up a direct debit, it has been claimed.

Research by confused.com has revealed that people in the UK could save up to £150 million per year by avoiding credit card charges.

Chris Griffiths, head of credit cards at price comparison website, said: start quote Setting up a direct debit to make a minimum payment on a credit card is such a simple thing to do, yet well over half of credit card holders haven't done it.

"Setting up a direct debit will allow money that would have been spent on charges to be used in repaying more than the minimum amount."

Mr Griffiths added that many credit card holders are also losing out on attractive low interest introductory deals by not meeting minimum payments.

Findings from the research revealed that 57.5 per cent of credit card holders don't have a direct debit set up to pay off the minimum amount.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.
 ADNFCR-2776-ID-800408912-ADNFCR



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