Credit Card Debt

Today I tried to warn the Government ministers that some credit card companies are the new Wonga's exploiting the financial problems people have so we need to cap their costs just as we did with the payday lenders- they refused to listen arguing that credit cards are not a problem like payday loans. I fear it will take more than the 5 million people already facing 10 years or more to pay off their credit card before they listen and am proud Labour would cap the costs of credit cards.