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Credit Card Companies Feeling The Heat - says Moneynet
 
Credit Card Companies Feeling The Heat - says Moneynet
longer term outlook for the canny borrower is good.

"But for the credit card company executives, the future might not be so rosy," he added.

* Apacs report, August 2005

BBA bulletin, September 2005

http://www.moneynet.co.uk

* * * * * * * * * * * * *

Notes for editors:

Credit Card Borrowing Facts:

* 93% repaid in a year

* 73% repaid in a month

* 17% borrowed at 0% interest

Source: APACS Review of 2004

About moneynet

Moneynet.co.uk is the UK's most established personal finance research and data website. The company offers consumers a wide range of low cost financial products: from mortgages and personal loans; to car, home and medical insurance; credit cards; savings accounts and best-buy fixed rate products. Moneynet.co.uk is an ethical, impartial and comprehensive source of consumer finance information, covering the whole of the personal finance sector.

Contact details:

Phone: 0208 313 9030

E-mail: online@moneynet.co.uk

Web: http://www.moneynet.co.uk

Press enquiries:

Moneynet

Richard Brown, Chief Executive,

Phone: 020 8313 9030

David Andrews Media Ltd

David Andrews

Phone: 01273 774109

E-mail: david@davidandrewsmedia.co.uk
About the Author

Moneynet was founded in 1997 by Chief Executive Richard Brown to simplify the personal finance market and provide consumers with impartial and interactive information on financial products and services.

http://www.moneynet.co.uk

Category bad credit,loan and insurance Author David Gabbitas
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Added On Tue Nov 21st,2006 
 
 
 
 
 
 
 
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