Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Consumers will face credit card charges 'if they do not pay off balance in full each month'

Consumers could face credit card charges if they do not pay off their balance in full at the end of each month.

That is according to Justin Modray from Candidmoney.com, who was discussing the advantages and disadvantages of using a credit card to pay for goods.

He said: "Paying by credit card can be a very convenient and cost effective way of paying for goods, provided you repay your balance in full each month.

"But if you start incurring interest the financial consequences can be painful, with most cards charging around 17 per cent APR."

Mr Modray added that people who already have debt on a credit card could think about getting a car with a zero per cent introductory rate, but warned they must be able to repay the balance once this rate ends.

His comments follow news that Barclays has launched a 24 month interest free credit card.

Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt.
 ADNFCR-2776-ID-800628205-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 B16, 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