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CALL US ON 0800 988 9345 TO DISCOVER YOUR DEBT SOLUTION
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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 credit card 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 maintains a specialist credit card debt advice service. It is open to any UK resident facing card debts who wants to know more about the debt solutions available. Our debt advice is always confidential, you can access help here, online or talk to a specially trained counsellor.
Call us on 0800 988 9345 to get specialist credit card debt advice today.
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Their response was prompt and clearly explained. All communication was clearly explained and non-judgemental. I felt supported through all the steps of the debt management process.
Clara Johns - Manchester
02 Feb 2011
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