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
Credit Card Quote Line
0845 108 0505
Financial Services > Credit Cards > Credit Cards News
Multiple credit cards could be route to financial trouble
Mon, 19 May 2008
Recommended links
Credit card search and quote comparisonCredit card top results
0 per cent balance transfer
0 per cent purchase credit cards
Credit card glossary of terms
Millions need their credit card
New credit card from Abbey
| credit Card news |
|---|
| Credit card holders happy with their cards - Fri, 23 Jul 2010 |
| Holidays to lead to credit card debt - Mon, 12 Jul 2010 |
| New credit card from Halifax helps holidaymakers - Thu, 08 Jul 2010 |
| More News |
Choose the perfect card
Choose the right credit card for you and apply with confidence.
