This month, the government unveiled plans to crackdown on credit card companies and help give consumers a fairer deal. But what can you do to protect your pocket in the meantime?
In a bid to prevent credit card providers exploiting consumers, the government has launched a full review of how credit and store cards are regulated.
As part of the review, the government plans to examine some of credit card companies’ craftiest tricks.
This means practices such as unfair interest rates hikes, unsolicited credit card cheques and negative payment hierarchy could soon be a thing of the past.
However, until the government’s proposals come into force, click here to see ten of the worst credit card mistakes you should avoid making at all costs.