Dealing with credit card debt guide
A short guide to help you deal with credit card debt, as consumer debt in the UK continues to spiral
Date Written: 2006-10-13
Year Published: 2006
Resource Type: Article
Cx Number: CX16398
You don’t need to work for the Financial Times to realise that credit card debt is getting well out of hand. Ten years ago hardly anyone had one. Now there are 91 million credit and debit cards in the UK. Two fifths of our shopping is now put on the plastic. The net result is a large portion of the population with massive credit card debt. Given the extortionate interest rates charged this is seriously bad news for us and the source of gleeful hand rubbing for the high street bankers (what’s that rhyming slang for I wonder?) who are pocketing it.