Charge card debt
A charge card looks similar to a credit card but you need to repay charge cards in full, at a set frequency (normally every 30 days).
If you don’t repay the card in full each month, your lender may add large charges to your account. They might also restrict how you can use the card.
Lenders often issue charge cards without limits on how much you can spend, but these are normally only offered to people with a high income and excellent credit rating.
There’s often a large annual fee for having the card. Businesses can also sometimes issue charge cards to employees to pay for their business expenses.
Repaying a charge card
The Consumer Credit Act doesn’t regulate charge cards. This means that if you can’t afford to repay the debt, your lender may not follow the standard debt collection process.
If you’re struggling to repay your charge card use Step Change online Debt Remedy tool Or, if you’d prefer to call us, then please call us on 07541978789 to speak to one of our volunteers who will help you get your situation back on track. We will give you tailored information to fit your situation and the best solution to help you deal with your debts.