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Credit Card Debts


Credit cards are no more a luxury, they are almost a necessity. So, you would imagine a lot of people going for credit cards. In fact, a lot of people posses more than one credit cards. So, the credit card industry is growing by leaps and bounds. However, the credit card industry and credit card holders are posed with a big problem called ‘Credit Card Debt’. In order to understand what ‘credit card debt’ actually means, we need to understand the workflow associated with the use of credit cards as such.

It is estimated that UK outstanding credit card debt is more than £1 trillion. It is a common cause of financial breakdown and bankruptcy. When used properly and responsibly credit cards are a great way of controlling your money. When their use gets out of control they can cause major problems for the owner with long standing detrimental affects.

We have included a number of articles providing information on credit card debt. Please do remember they are for info only, they do not constitute financial advice.


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