Credit Card Debt

Many headlines about debt problems highlight credit cards. These offer a very simple way to borrow money and because it's possible to spend on a credit card at any time, without planning to, it's common to discover that debts have grown far more quickly than planned.

Interest rates on credit cards tend to be high, compared with the rates for other forms of credit such as a one-off personal loan. Card holders are required to pay off only a small minimum payment each month and many difficulties start here. Paying only the minimum balance each month, even without further spending, means taking a very long time to pay off the overall debt. During this time you will find that you have paid large sums in interest.

Increasing the amount you repay each month is an important step if your finances are still under control. However, if you are already facing credit card debt problems that are getting out of control, or if you're having problems with your creditors, ClearStart can help you to establish the right way forward. Depending on your circumstances, this might involve an IVA, a Debt Management Plan or a Consolidation Loan. 'Juggling' card debts by moving them from one card to another (called 'rotating finance') is unlikely to work for long.

ClearStart can Help

ClearStart maintains a free and impartial store and credit card debt advice service. It is open to any UK resident facing card debt who wants to know more about the debt solutions available. Debt advice is free and confidential and you can access help online or talk to a specially trained counsellor.

Call us on 0800 988 9345

or complete our simple Online Credit Card Debt Application Form

Three steps to a better future

Prepare

Any debt solution starts with the facts. Write down:

Debts on cards and other loans
What you earn every month
What you spend every month

Apply

Contact ClearStart using our online form or by calling
0800 988 9345.

Choose

Review our recommendations and then tell us how you'd like to proceed. We can start dealing with all of your creditors straight away.

Apply online

Find out which debt solution is best for you.

Call us on

0800 988 9345

Callback Request

Let us call you back.

Registered in England.

Company number 05384991.

Fairpoint, the parent company of ClearStart, was shortlisted for Debt Counsellor of the Year at the 2010 Credit Today Awards. This nomination is in recognition of the quality, support and best practice we use to ensure you receive the best advice and most appropriate solutions.