| Credit Card Cheques To Be Banned |
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The government have announced that credit card cheques are to be banned and new measures are to be introduced to help those struggling with debt. Figures released by the Bank of England has shown that UK citizens owe £233 billion on credit cards, loans and overdrafts. Credit card cheques are blank cheques sent out with statements. They have proved to be controversial as they do not provide the same protection as credit cards. The government will also be reviewing credit card charges and fees. |