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Credit card charges: 'Be careful' when taking out zero % credit

People who take out zero per cent credit should be careful in order to make sure they do not end up having to pay credit card charges.

Andrew Hagger, spokesman for, one of the longest established financial comparison sites in the UK, claims that many people take out zero per cent deals without checking the interest rates that start after the deal finishes.

He said: "[People] may be taking out some of the zero per cent deals without looking at what the rate will be when the introductory period finishes.

"With the interest free deals people tend to try and find the longest deal they can ... and they don't really pay attention to when it finishes."

Mr Hagger added that people may end up getting into debt if they get a credit card that has a higher-than-average rate. recently revealed that more than half of Brits who have taken out credit do not know the interest rate that came with it.

Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt.

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