Credit card cheques
To find out more information, watch the film above.
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Lucy Siegle looked at credit card cheques. They're the blank cheques that are sent out to us by post from some credit card companies. They can be used to consolidate debts, get cash quickly or pay off bills.Ìý
As Lucy reported in the film, over 280 million cheques were sent out last year and while the average interest rate on a card is 17% the average APR on a cheque is a lot higher at 27%.
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For advice from the government on how to deal with debts.
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See also: Industry guidelines on credit card cheques set out by the
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