APR

MSE founder Martin Lewis has welcomed Labour's pledge to cap credit card interest so that no one pays back more than twice the amount of their original borrowing.

MoneySavingExpert.com is today calling for new rules to force mobile phone providers to display clear APRs on smartphone contracts to ensure users understand that by signing up to a mobile phone contract they're effectively taking out a loan to pay for the handset.

Thousands of credit card customers face interest rate hikes, but you can reject them to escape the potentially crippling higher payments.