A rise in personal insolvency rates will be seen if fixed fees and higher annual percentage rates become a feature of credit provision, it has been claimed. David Rodgers, managing director of Debt Advice
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Consumers who can only afford to make minimum monthly repayments on credit cards may have debt problems, it has been suggested. Writing for lovemoney.com, Rachel Ronson said these are set at "ridiculously
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As everyone knows, some from very bitter experience, it is really easy to get into credit card debt. One day it feels like you get a credit card, you spend a little on it, then you have to make a couple of bigger purchases, then you find that the interest rate increases and then before you know where you are, you suddenly end up owing thousands on your credit card.
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