Argos puts aside £30 million to refund late payments fees

Tom Wilson

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Argos has put aside an extra £30 million to refund customers who were unfairly charged late fees on its store cards, the company announced in a trading update today.

Argos has put aside an extra £30 million to refund customers who were unfairly charged late fees on its store cards, the company announced in a trading update today.

The staggering figure is on top of provisions announced in its 2015/16 financial statement to cover excessive late payment fees that were “erroneously collected” from store card customers.

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Source Moneywise http://ift.tt/1U47hIx