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“I earn £18k a year but I’ve been given an £8k credit limitâ€

Richard is 20 and earns £18,000 a year. He applied online for a credit card. When this was approved he was shocked to find he had an £8,000 credit limit. Paul Lewis speaks to Peter Tutton, head of policy, StepChange debt charity.

First broadcast on Money Box, 16 February 2020.

Release date:

Duration:

5 minutes

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