The major credit card providers say they will show mercy to borrowers who make late payments because the postal strike has delayed their bill's arrival.
The Treasury Select Committee has launched an inquiry into the fact lenders encourage the public to needlessly apply for credit that could make future borrowing harder and more expensive.
Fraudsters are increasingly targeting the public by stealing their card details to pay for illegal mobile top-ups. Such crimes are normally a pre-cursor to much larger raids on victims' accounts.
American Express cardholders risk being hit by late payment fees from this autumn because the plastic provider is bringing forward the direct debit (DD) due date.
5 August 2009
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