Positive Trends Regarding Credit Cards And Debt Management

The British Banking Association reports that credit card repayments are exceeding new spending on these cards. However, the total amount that UK residents owe is still increasing due to the interest on existing balances. Despite their associated interest rates, the total amount owed for personal loans has decreased to approximately 50 percent of what it … Read more

Is An Overdraft Or Credit Card Debt Better To Have?

Many UK consumers have credit card debt that they would like to repay. When the credit card account balance is high and immediate cash flow is tight, some people consider using a bank overdraft to repay credit card bills. They then take their time repaying the overdraft. But, is exchanging one type of debt for … Read more