Credit card with 69.9% interest

‘People with poor credit histories are being offered credit cards with interest charges of up to 69.9%.

Card provider Vanquis, part of Provident Financial, is marketing the cards “for people on moderate incomes”.

It said people should not be excluded from using a credit card because of past debt problems.

There is increasing concern about the proliferation of easy credit and the level of UK indebtedness, which broke the £1 trillion barrier in July 2004.’

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