The St Vincent de Paul Society has warned that credit card customers who pay the minimum on their bills end up paying outrageously high interest rates.
The charity also criticised the prominence given on credit card bills to the minimum payment credit customers must make.
The Minister for Social and Family Affairs (Ireland) responded that legislation maybe necessary if he can find a suitable way to curb finance houses charging what appeared to be outrageously high rates to vulnerable people.
Tags: Poverty Analysis
