Report to help beat credit card debt

The report’s authors believe it will help people avoid getting caught in a debt trap and gives advice on how to use cards without getting into debt.

“It’s clear that credit card debt is one of the major factors of personal debt in the UK so we hope The Credit Card Debt Report will help people who are worried about credit card debt as well as those who simply want to find out how to avoid the credit card debt trap,” said John Porter of The Debt Counsellors, which commissioned the report.

The report has been issued as personal debt levels reach £1.2 trillion and the British Bankers’ Association saying that credit card borrowing went up by 16 per cent in May.

In addition to giving the facts and figures about credit card debt, the report also claims to explore the reasons why people owe money.