credit card holders

Despite new credit-card law brings some relief, the problems still arise.

It’s known, credit-card holders mostly benefited from the landmark Credit Card Accountability, Responsibility and Disclosure Act that initially went into effect a year ago. However, some troubling trends that are emerging could mean higher costs for consumers.

According to the latest, study from Confused.com, every year Britons waste £150 million on late payment credit card charges.

The research thus found, that over 25% credit card holders have been charged at least once in the last 12 months for late payment.