Post ID 69039

Cash loan charges: most of customers caught away by unknown high fees

Research by credit professionals TotallyMoney reveals that bank card owners in many cases are caught down by high costs due to being unsure of just what categorizes as an advance loan. The annual Financial Awareness Survey 2019, completed by OnePoll and commissioned by TotallyMoney asked a nationally representative test of 2,000 British adults about cash loan costs. It states:

a cash loan charge is included with any money deal on a charge card. But, this isnt limited to simply cash withdrawals. As exposed because of the study outcomes, just what categorizes as a cash transaction isnt clear. A lot of people do not know that buying lottery seats, entry costs for dream soccer, and trading foreign exchange all trigger a cash advance charge. A cash advance charge is charged as a share associated with quantity used on the card, or a flat charge. (more…)