AA credit card changes 'will help borrowers'
Wednesday, 01 September 2010 12:00
Changes to AA credit cards, aimed at helping customers keep on top of their debt, have come into effect.
From today (September 1st), repayments will go towards reducing balances with the highest interest first - while low-cost credit is paid off last.
The step is being taken four months ahead of the government's deadline for such changes and director of AA Financial Services Mark Huggins explained the firm was already planning to make the switch before it became a requirement.
"This is a vital step towards helping millions of card holders to manage their debt," he said. "It is a change that the AA wholeheartedly endorses."
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