Moneynet in The Press
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show ‘em red card
Published: 19/11/2009 |
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Daily Record ( Credit and store card firms love this time of year because it is when we make most use of plastic. According to website Moneynet.co.uk, a debt of £1000 on a card with interest rate of 18 per cent would take 29 years to pay off using a two per cent minimum repayment and cost £2286 in interest charges.
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