Some firms applied charges when customers missed multiple payments or made late payments, which should have been a sign they were strugglingCREDIT card companies have been slammed for charging fees - often more than once - to customers who are already in financial difficulty.
Whatever is leftover is your budget for the month. Set aside a chunk to pay down your debts and work out what you'll spend and save.look at ways you can cut your expenditure such as switching energy provider or swapping from named brands to supermarket essential options.The more you pay off the less interest you'll pay over time. This is espeically through for credit card debts. With loans or mortgages check first as there may be a mximum you can overpay.
Despite this, the FCA has stopped short of announcing a redress scheme or punishment for firms - and it hasn't named the providers involved.The city watchdog has found that credit card firms have been charging customers who are financially strugglingThe FCA says these actions will save consumers a combined £80million although it wouldn't tell us how this figure has been calculated or how many people will benefit.
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