Borrowers don't grasp the maths of unsecured loans - Loans - News - Moneyfacts

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Borrowers don't grasp the maths of unsecured loans

Borrowers don't grasp the maths of unsecured loans

Category: Loans

Updated: 26/11/2008
First Published: 21/11/2008

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Poor maths skills have been cited as a possible reason for people to find themselves in financial difficulty.

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And he added that credit card rates of 15 per cent per annum can quickly mount up without the consumer realising.

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