‘Irresponsible’ credit card cheques chastised

A spokesperson for Which? welcomed the board’s decision and stated that such promotions were ridiculous and irresponsible, as credit card cheques have high rates of interest that could push people into debt.

Hitting out at such offers, the spokesperson said: “We are very, very against them. We think they are a very bad idea…We have always been very against them as a way to borrow money.”

They also warned that the debt dangers of using credit cheques are not always obvious, especially as the APR may not be displayed, yet promotional literature encourages people to spend.

The spokesperson added that such APRs could be a “ridiculous amount”, but for those who have been caught out by such promotions, debt help does exist.

In the meantime, consumers should be wary of any deals which seem too good to be true.

“If you get something through the door like that and your financial education isn’t very high you will look at it and think ‘Wow, that’s fantastic!’…You don’t realise exactly how high the APR is on it and you don’t know what you are getting yourself into,” the spokesperson warned.

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