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Mr cash warns of the latest charge cards with interest levels of as much as 80%

Mr cash warns of the latest charge cards with interest levels of as much as 80%

HARD-UP Brits forced to rely on charge cards directed at poor people can wind up having to pay more interest we can reveal than they would with a payday loan.

Loan providers are focusing on families with poor economic histories by having a breed that is new of card that charges as much as 80 per cent interest.

The interest on cards is uncapped – meaning it can spiral into thousands more pounds and take longer to clear unlike payday loans.

Today Sun Money requires regulators to do this on credit card debt – and clamp down they have with other rip-off credit products on them as.