Three in ten with credit card debts `don`t plan to repay` them soon
November 11, 2009 by Admin · Leave a Comment
According to research by moneysupermarket.com, more than three out of ten credit card users aren`t planning to repay their outstanding credit card debt for over six months, headlinemoney.co.uk reports.
The news comes not long after the news that banks may increase the cost of using a credit card – which means borrowers could face higher interest rates and fees.
The price comparison site found that credit card users between the ages of 20 and 29 were least likely to repay their debts quickly, with 38% `content` to hold outstanding debt on their card for more than six months. Read more…