Many consumers are being lulled into a false sense of financial security by credit card lenders that are quite happy to accept very low repayments on the credit card balance, but failing to make clear to the consumer that this will lead to a lifetime of debt for many. (more…)
Tags: Credit card, debt, credit, credit card debt, Credit counselingThere are concerns that the number of repossessions in the UK that stem from credit card debt rather than secured debt may start to increase, which means that many people that may have kept on top of their mortgage repayments and other secured debts could still end up losing their home because of other debts that they have defaulted in even if the debt was not a secured one such as credit cards. This is due to proposals that are set to go into consultation over the coming weeks. (more…)
Tags: unsecured debt, credit card debt, finance, credit, debt, Personal financeIt has been reported recently that many homeowners in the UK are using the savings that they are making on their mortgage repayments to make repayments on their credit card debts. (more…)
Tags: interest rates, credit card debt, mortgage repaymentsIf you’re a student close to graduating one question you may be toying with is whether or not you should be using you student loan to pay for your credit card debt. The issues here can be a little complicated, so the following are a few pro and cons to using your student loan to pay off your UK credit card debt. (more…)
Tags: credit card debt, student loan