Credit Card and Store Card Debt
Credit Card Debt
Credit card debt is affecting an increasing number of people in the UK. In fact, total credit card debt in Britain in September 2005 reached £55.9 billion.
The widespread nature of credit card debt in the UK is not surprising given that card companies encourage people to overspend and run up debts on which they are able to charge interest.
Since the average interest rate on credit card lending is eleven points above base rate, it's easy to see how quickly credit card debts can accumulate.
So if you are facing huge debts that you have run up on your credit card, just remember, you are not alone.
We offer a free and impartial advice service to help people sort out their credit card debt. If you would like to speak to one of our specially trained counsellors, please click the link below and complete the short contact form.
Click Here: To Apply For Free and Impartial Credit Card Debt Advice
Store Card Debt
In 2004, total store card debt in the UK amounted to a massive £3.15 billion.
It can be very tempting to use store cards to get a discount on your shopping bill. However, it is very easy for debts on your store card to spiral out of control.
The reason why so many people are affected by store card debt is the high rate of interest on them. This means that if you do not pay the outstanding balance at the end of each month, the interest owed can soon add up leading to a huge store card debt. And with interest rates on store cards averaging 30% APR, it's not difficult to see how this can happen.
We offer a free and impartial advice service to help people sort out their store card debt. If you would like to speak to one of our specially trained counsellors, please click the link below and complete the short contact form.
Click Here: To Apply For Free and Impartial Store Card Debt Advice
How to Free Yourself from Credit and Store Card Debt
Whilst credit and store card debt is easy to get into, it's less easy to get out of.
There are a number of different ways that you can try and settle your credit or store card debt.
Examples of credit and store card debt management solutions include:
However, some solutions work better than others depending on your particular circumstances.
We offer a free and impartial credit and store card debt advice service to help you find the best solution for you.
This service is available to any UK resident facing credit card or store card debt who would like to discuss the debt solution options available.
This credit card and store card debt advice is completely free of charge and all the information that you give us will remain strictly confidential.
Our debt counsellors have been specially trained to be able to offer you the best advice possible to free you from credit card and store card debt.
To contact an advisor call 0800 138 5445. Alternatively complete an online enquiry form and an advisor will call you back at the time that you specify.