Millions Face 'Problem' Credit Card Debt

Nearly six million credit card customers are weighed down by problem debt levels and lenders who cream off the profits from many of them are doing too little to help them out of the trap, the City watchdog has found. The Financial Conduct Authority (FCA) found that two million people were in arrears of had defaulted while another two million had "persistent levels of debt that some may be struggling to repay". A further 1.6 million were repeatedly making only the minimum repayments on credit car