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BBC Three Counties Radio - Roberto Perrone 3/4/17 5.24pm

Monday, 3rd April 2017

Mike was talking to Roberto Perrone about the FCA proposals on new rules for credit card firms, aimed at helping millions of customers get out of persistent debt. Mike explains the meaning of 'persistent debt' and gives an example of how much you pay back if you borrow £3,000 on a credit card and make just the minimum repayments. Roberto then asks Mike what people can do if they have debt problems.

Mike then comments on what he would like to see change which he feels the FCA is not addressing.

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