Credit card sav­ings hope

The Press and Journal (Aberdeen and Aberdeenshire) - - NEWS -

New rules for credit card com­pa­nies should save cus­tomers up to £1.3bil­lion per year in lower in­ter­est charges, the City reg­u­la­tor has said.

Some peo­ple sit­ting in debt for a long pe­riod could face their credit card be­ing sus­pended. In some cases when peo­ple are in per­sis­tent debt, charges may be re­duced or waived.

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