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CALL US ON 0800 988 9345 TO DISCOVER YOUR DEBT SOLUTION
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Store cards are among the most convenient ways to get credit because people often sign up at the point of purchase. Many stores offer a discount on signing up and when you shop.
The problem is that store cards are rarely good value. Debts on a store card can spiral out of control very quickly because the rate of interest they charge is so high. If you don’t pay the outstanding balance in full at the end of a month, you start paying large interest charges that can rapidly add up to an unmanageable debt.
Effective budgeting is an important part of handling store cards, and it’s best to pay them off in full each month. It’s better still to avoid them altogether.
However, if you have already built up a large debt on a store card, ClearStart is able to 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.
Store Card Debt – ClearStart can help
ClearStart maintains a specialist store card debt advice service. It is open to any UK resident facing card debt who wants to know more about the debt solutions available. Our debt advice is always confidential – access help here, online or talk to one of our specially trained counsellors.
Call us on 0800 988 9345 to get specialist advice for debt solutions.
Calls from mobiles and other networks to 0800 numbers may incur a charge. When you speak to us, ask us to call you back so that you do not have to pay for the call.
Further reading
Debt Help | Debt Advice | Financial Advice | Compare Debt Solutions | Store Card Debt | Credit Card Debt | Loan Debt | Remortgage Debt | Debt After Death | Late Payments | Budget Check
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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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