Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Brits 'wasting £2.3bn' on credit card charges

Consumers in Britain waste around £2.3 billion on credit card charges every year, research has revealed.

Moneysupermarket.com has found that credit card users pay this amount in interest by leaving debt on their existing credit cards.

Findings also show that almost half of Brits do not pay of their credit card balance in full every month and that a fifth are worried about their current credit card debt.

Kevin Mountford, head of banking at moneysupermarket.com, said: "As the nation's wallets continue to be squeezed by higher living costs, it is crucial consumers look to pay off their debt quickly and efficiently to prevent additional interest from accruing.

"Switching to an interest free product is a simple step that can help consumers save money on interest payments, meaning they can pay off their debt quicker."

However, he added that those with an unfavourable credit score may find it difficult to obtain a zero per cent credit card.

If people are in this situation, Mr Mountford suggests consumers look at their outgoings and try to pay down their debt.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.
 ADNFCR-2776-ID-800423143-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide