
Credit Card Interest Equals 70 Days Pay
According to research by IFA Promotion, the independent financial advice lobby group, Britons have spent 70 days in employment just to pay off credit and debit card interest, compared to 31 days last year. Figures have revealed that personal loan levels in the UK increased to £8.6bn, compared with £2.6bn last year.
Our view
Given the current credit squeeze, people need to concentrate on managing the debt and get control. Contact us for advice.
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