Many credit card consumers do not have to pay interest
There are always reports in the financial news headlines relating to the high cost of credit card use, namely as a result of the extortionate rates of interest that credit cards charge for the privilege of using them and spending on them. In fact, credit cards have taken the rap for much of the UK's personal debt mountain, with industry officials claiming that many people get bogged down with credit card debt because of all of the interest payments that