Confused.com lauds credit card debt consolidation possibilities
www.moneynews.co.uk > Credit cards > Confused.com lauds credit card debt consolidation possibilities
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Confused.com lauds credit card debt consolidation possibilities
Tue 28th Sep 2010
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The Platinum Plus card offers people zero per cent interest on balance transfers for 16 months with a 2.9 per cent fee, which head of credit cards at Confused.com Chris Griffiths has complimented.
He said: "It's great for consumers looking to reduce interest payments through consolidation to see another provider launching a long-term zero per cent deal."
In his opinion, the unveiling of this product could affect the strategies of other companies in the sector.
Mr Griffiths claimed offering such a deal to consumers is indicative that MBNA is trying to attract new customers.
Last week, Confused.com representative Stephen Jones observed a rate cap on payday loans may not work and could even push people to go to illegal lenders and loan sharks.
Click here for more credit cards news
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Related News : Confused.com |
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