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Too Many Credit Cards Can Be "confusing" |
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(19th February 2008)
Having too many credit cards could mean that consumers find their finances "confusing", according to the Consumer Credit Counselling Service CCCS.
It may interest those looking for a cheap loan to consolidate debts that the CCCS has issued a warning about the "liberalised" attitude towards acquiring credit cards in the UK.
Spokesperson for the CCCS James Ketchell commented: "It's very easy with credit cards because [people are] not seeing the money in real terms, so it becomes detached."
He added that although consumers are now aware that the debts have to be repaid, those with several cards should try and remain on top of their finances, which could include searching for the loans.com" title="" target="_parent">cheapest loans.
The average consumer in Britain had 1.4 credit cards at the end of 2006, twice as many as Norway, according to a recent report by Datamonitor. 
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News brought to you by Start Again Finance, specialists in bad credit mortgage advice, loans, credit cards, savings and insurance |
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