Exact(57)
One reason: late payments.
There were two late payments in 2006.
"We think late payments, delinquencies will continue.
California requires insurers to pay interest on late payments.
However, HMRC imposed no fine for the late payments.
Unlike the banks, Zopa is flexible about late payments.
Late payments damage your credit score and add late fees to your monthly total.
"Late payments by bigger suppliers is a big problem and maybe we need legislation.
If it was us making late payments we would all be charged".
Consumers made late payments on 4.75% of all bank-card accounts.
Several big lenders have suffered from a growing number of defaults and late payments.
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