HARD-UP Brits forced to rely on charge cards directed at poor people can wind up having to pay more interest we can reveal than they would with a payday loan.
Loan providers are focusing on families with poor economic histories by having a breed that is new of card that charges as much as 80 per cent interest.
The interest on cards is uncapped вЂ“ meaning it can spiral into thousands more pounds and take longer to clear unlike payday loans.
Today Sun Money requires regulators to do this on credit card debt вЂ“ and clamp down they have with other rip-off credit products on them as. We go through the issues that are key exactly just what has to be done.