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- 29/10/2008: Repossessions rise by 71%
- 22/10/2008: Debt worries cause health problems
- 12/10/2008: Sale and Rent Back Uncovered
- 24/07/2008: One fifth face repossession
- 22/07/2008: UK tops poll for debt burden
- 16/07/2008: Rising debt sees overdrafts increase
- 11/07/2008: Serious debts need direct action
- 09/07/2008: 165,000 using illegal lenders
- 03/07/2008: Debt has decreased
- 26/06/2008: Half of adults worried about debt.
Archive for 29/02/2008
Credit card craze ‘confuses’ customers.
29/02/2008 by Dave.
Debt experts have claimed that the plethora of credit cards held by UK consumers can often prove “confusing,” urging people to get on top of their debt burden.
Advisory body The Consumer Credit Counselling Service (CCCS) said that British credit culture facilitated spiralling personal debt, making the attraction of credit cards hard to resist.
A recent report from Datamonitor found that the average UK consumer owns far more payment cards than his European counterpart, a trend leading the CCCS to question UK credit culture.
James Ketchell, group spokesman, said: “In France or Belgium it’s very difficult to take credit out, and we’ve become very used to taking credit out as a means of purchasing things.”
Different credit cards served different needs, he claimed, but added: “It can become confusing and people really have to stay on top of their credit card spending and their finances as a whole
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