Loan industry repels attack

The credit card industry has rejected claims by Which? that it is rife with underhand practices and hidden charges.A spokesperson for the Association of Payment Clearing Services (APACS), Sandra Quinn, said Which?’s comments are out of date.Speaking yesterday she denied that credit card firms are levying unfair charges against consumers. “Late payment charges and over limit fees are to compensate the banks for the costs that they incur in those fees in charging customers,” Ms Quinn said.Richard