Areas for consultation

This consultation is looking at five areas:

• allocation of payments – lower interest debts being paid off first
• minimum payments – minimum payments only covering interest, not capital
• unsolicited credit limit increases – card limits going up without your consent
• re-pricing of existing debt – increased interest rates without proper explanation
• simplicity and transparency – making the costs of using a card simpler to understand and easier to compare alternatives

Introduction from Kevin Brennan MP, Minister for Consumer Affairs