Mail Online

How a lost 29p cost a staggering £44 interest

I BUMPED into reader Peter Wall eight days ago at the Hawthorns – home of West Bromwich Albion FC. Over a cup of steaming Bovril, he told me how his better half always pays off her credit card bill every month to avoid interest charges.

But in January, she inadvertently

paid £3,032 – not £3,032.29 as requested. The result was an interest charge of £44.47.

Although she successfully challenged the charge on the grounds she had made a genuine mistake, the financial moral to this story is simple: if you don’t want to pay interest, clear your balance in full.

Wealth & Personal Finance

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2023-03-19T07:00:00.0000000Z

2023-03-19T07:00:00.0000000Z

https://mailonline.pressreader.com/article/282819310448823

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