Check your statement

Article Abstract:

Bank and credit card statements should be verified but they are confusing. Few statements provide information about interest rates and charges which is simple to understand. Displaying tariffs in branches is inadequate as few customers visit their bank as often as monthly. Statements do not show cleared balances, although cash machines can. Credit card statements are often incorrect and show interest charges which cannot be confirmed.

Banking industry, Accounting and auditing

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Buy now, pain later

Article Abstract:

Consumers may be unaware of the true cost of credit. Store credit cards may charge high rates of interest, and many low-interest and zero-interest offers are confusing and wind up costing much more than expected.

United Kingdom, All Other Plastics Product Manufacturing, Personal credit institutions, Nondepository Credit Intermediation, Lending Services, Plastic Credit Cards, Loans

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Hidden benefits

Article Abstract:

The extra benefits of using a credit card may not always be accessible by consumers who often find disputes over liability on purchases are not honored by the credit card companies.

Investigations, Credit and debit card industry, Credit card industry

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