Sandra Quinn, director of communications at Apacs, said of the launch of the developed service: “As an industry we are committed to improving consumers’ understanding of credit cards and encouraging responsible borrowing.”
Credit card debt can be a problem to many families around Britain with many people having more than one credit card which has helped lead to debt levels passing £1.1 trillion.
The website allows consumers to download credit card comparison guides to different credit cards and advice on how to best use them to avoid creating too heavy a debt burden, with 2006 updates to information.
Though Ms Quinn claims that most credit card holders know how to use them, there was still a minority who were at risk of debt because they did not.
With a series of guides, comparison tools and advice, Ms Quinn said that she hopes the website will help lead people to better debt management.