Recent reports in the credit card news indicate that many consumers in the UK have more that one credit card . Debt advice experts say that people with multiple credit cards run a greater risk of over spending, and a fast route to financial trouble .
In times of cheap credit, multiple cards may pose little or no financial risk. However, with credit more expensive and showing no signs of becoming cheaper, consumers with two credit cards could be bearing the brunt.
Debt experts fear that many consumers in the UK may be having problems meeting minimum payments on their free credit . With credit much more pressured under current market conditions, those with heavy credit card debt may really begin to feel the pinch.
Multiple credit cards could be route to financial trouble
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Multiple credit cards could be route to financial trouble
Mon, 19 May 2008
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