Late Credit Card Payments declared illegal

Last year the OFT – Office of Fair Trading ruled that late payment charges were illegal. Encouraged by consumer groups consumers have been seeking to reclaim some of the £4.7bn which is estimated to have been taken by the banks in illegal charges last year.

Credit Card 0% Interest

Credit cards which offer 0% interest on balance transfers can be an excellent way of saving money on debt payments. They require careful management because if you miss a payment, you will end up paying Standard rates of upto 18% and also incur a penalty. If you are careful, you can keep transferring a balance …