Credit Card Debt Help UK,  Interest or Charges out of control?

Did you know that the average interest rate on UK credit cards is currently over 16% which is approximately 11% above the base rate? Credit card debt in the UK is ruining the lives of millions of people around the country. It may sound obvious but poorly managed credit card debt should be avoided at all costs. You should eliminate expensive credit card debt as quickly as possible.
Clear credit card debts

Personal Debt in the UK exceeded
£1 ¼ trillion at the end of
September 2006. Let's not add more!

The UK's credit card debt stood in March 2006 at over £56 billion which accounts for almost two thirds of the European Union's total credit card debt.

It is a fact that there are now 15% more credit cards in Britain than there are people and according to the British Bankers Association, 95% of the balances on these credit card were accumulating interest in February 2006.

Obviously this is worrying but the UK's credit card debt problem is getting worse not better. Market specialists correctly predicted in April 2006 that credit card spending in the UK would double over the following three months.

The average now owed by every UK adult is £26,747

There are three steps to getting free of credit card debt.

1. Recognise that you have a problem - stop burying your head in the sand.
2. Get help - advice is available and it doesn't need to cost a penny.
3. Take control of your finances with a sensible financial plan.

Start now. All of this can be achieved by calling us or by filling in the form on the right.

CALL OUR FREE DEBT ADVICE LINE 0800 018 3345

Here's some government advice regarding debt.

Worried about your finances? Take the Financial Service Authority (FSA) confidential debt test to see how you would appear to a credit rating agency.

Which debts should I pay off first? When you’re sorting out how to pay back your debts, you’ll need to identify the priority debts. This will mean you can use your available money to settle the most important debts first. Find out more about priority debts >

Consolidating debts. Consolidating debt is when you take out a single, new loan to pay off several existing debts. This can be a good way of taking control of your finances but you need to be careful. A consolidation loan may not always be your best option. Find out more about debt consolidation

What can I do if my credit card is being used fraudulently?

If you think someone you don't know has got hold of your personal details and has used them to access your account, you are possibly a victim of identity theft. This is fraud. You may not have to pay for anything bought on the card so report it to credit card company straight away. Also keep a record of all conversations you have with them and copies of all letters sent or received. Report the matter to the police, and get a crime reference number.

For lots more information about credit card fraud and identity theft, go to www.cardwatch.org.uk, or to the Home Office website at: www.identitytheft.org.uk.