Minimum repayment pressure for N Brown?

The Financial Conduct Authority today released their final report on the UK’s credit card market, highlighting among other things the profits lenders make from customers who just make minimum repayments. The full 70-page report is here, or you can check out the FT’s write-up:

Almost one in nine card holders have balances it would take them more than a decade to repay, the Financial Conduct Authority said in a report on the industry. There are also 1.6m customers who repeatedly make minimum repayments, the regulator found.

Continue reading: Minimum repayment pressure for N Brown?

The Financial Conduct Authority today released their final report on the UK’s credit card market, highlighting among other things the profits lenders make from customers who just make minimum repayments. The full 70-page report is here, or you can check out the FT’s write-up:

Almost one in nine card holders have balances it would take them more than a decade to repay, the Financial Conduct Authority said in a report on the industry. There are also 1.6m customers who repeatedly make minimum repayments, the regulator found.

Continue reading: Minimum repayment pressure for N Brown?