Londoners forget to pay on credit cards

According to the latest study people keep forgetting to pay their monthly payment on credit cards. In comparison to the previous week these results revoke an increasing tendency caused  £11 million charged as late payment fees over last the six months. "Debt worries have shot up the agenda as people start to count the cost of the UK's borrowing spree over the past few years," commented Sean Gardner, chief executive of MoneyExpert.com. "Missing a credit card payment comes at a financial cost of £12 a time but there are other factors to consider". "The skipping of duly payment would remain in your credit file as long as three years and it will be used against you while taking decision on lending you cash and on what interst rate they would imlement to you." The recent investigations had shown that the highest percentage of  missed payment is gained in London with 15%, whereas in the North this indexr is “just” 9%. British Bankers' Association while studying UK market has revealed that in comparison to other months people spent a little bit more on their credit cards in December.