Middle-class borrowers with patchy credit scores are being targeted by an explosion of high-cost credit cards. New figures from comparison site Confused.com reveal that the number of credit cards with interest rates as high as 50 per cent have more than doubled in just one year. These firms are cashing in on a growing market of customers who are blocked from opting for cheaper deals, because of credit card firms’ increasingly tough credit requirements. Instead, these borrowers have no choice but to sign up for a card that charges much higher rates of interest, but with less stringent credit demands. High interest credit cards or ‘credit record repair’ cards can be a useful tool for borrowers who have seen their credit records plunge after missing payments in the past....Read more here: Explosion-credit-cards-rates-high-50