It takes longer to pay off your credit card than your mortgage

With miminum repayments, it takes longer to pay off your credit card than your mortgage, I heard this morning at a packed meeting here of the Consumer Action network. We also talked about the rise of business bullying of regulators through funding judicial reviews.

With a Treasury White Paper on the way, we have the first session of our ‘focus on finance’ programme tomorrow morning, with John Howard presenting on an agenda for consumer-friendly reform of financial service regulation.

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