Is your credit card holding you back from financial freedom?
It is now common knowledge that UK family debt is the highest of any leading economy in the world and the fact that credit card debt in the UK has ballooned over the last decade is no coincidence. More and more families are struggling to survive on a daily basis with credit card debt and credit card interest rates forcing more and more people into financial despair. Is your credit card holding you back?
When you consider that between April and June this year UK credit card providers were forced to write off bad debts of £1 billion the situation becomes real and very frightening indeed. If the credit card companies are writing-off this amount of money we can only imagine how many customers are on the edge and how many are living in fear of the dreaded credit card repayment demand. If you are in financial trouble it is imperative that you take professional advice as soon as possible from a debt adviser and work out the best way forward for your situation.
Sitting back and hoping the situation will resolve itself is a fool's paradise and will only make the long-term situation even more difficult to control and deal with.
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