Don’t ignore your credit card repayments

Yorkshire has been exposed as the region most likely to struggle when it comes to credit card payments, according to research from Confused.com.

Thirty five per cent of Yorkshire residents, who have had their account closed by their provider, have had it closed because of inability to keep up with repayments, closely followed by the South East, 33% of which have suffered the same penalty.

The North East and East Anglia fair better; of all the UK's regions they have the lowest number of accounts closed due to non-payment at only 8%

Head of credit cards at Confused.com, Joanne Garcia, said: "Credit card users in all regions need to understand how damaging it can be to miss repayments. While it may not seem like a big deal to miss a few payments here and there, credit providers - which include mortgage lenders - leave no stone unturned when it comes to checking a person's credit worthiness. It they see a history of non-payments it makes it much more difficult to borrow money.

Confused.com advises those who are struggling to make repayments on time to set up a direct debit for at least the minimum payment with their bank and check on Confused.com to make sure they are getting the best card for their profile by using the free credit profiling tool. In addition, the Confused.com credit check tool will tell people the likelihood of acceptance before committing to an application, so no unnecessary credit footprints will be left in the wake of a rejection"