Many people use their credit cards everyday when buying groceries or fuel, but this can be a speedy way of racking up balances and quickly being in need of some credit card debt help. Read on for advice on how to avoid this from happening to you.
Using credit cards wisely
Using plastic is an easy way to spend money, as you don’t physically hand over a wedge of bank notes with each transaction, but it can be an expensive way to borrow money.
If the minimum payment each month is only a couple of pounds or so then it can make buying something seem affordable – but remember if it costs £200 you’ll still be paying for it over four years later, and that’s not even considering interest!!!
Often the interest rate is much higher than other ways of borrowing, so it can take years to repay.
So ask yourself – Do you regularly use your credit card to buy petrol or food, or for cash advances?
Your monthly income should cover items like these, not your credit card, so if you’re using plastic it won’t be long until you need some credit card debt help.
What does our credit card debt help involve?
When you call us, our advisers will work out how much you can afford to pay towards all of your unsecured debts (personal loans, credit and store cards, overdrafts, catalogues etc). You may just need to organise your finances a little better, so you can afford to keep up repayments (which we will help you with free of charge), or you may need one of our specialist debt solutions.
We’ll gather all of your balances into one manageable monthly payment that will help you regain control of your finances, and we may be able to reduce the interest and charges on your accounts too.
So if you’ve racked up debts on your store cards and credit cards, and would like some free credit card debt help and advice, please call the number at the top of this page.
Alternatively, click on one of the following links for free debt advice or if you would like help to get out of debt.
