Articles Tagged With: Credit Card Debts

New government regulations on credit cards could help reduce the number of people seeking debt advice, it has been suggested. According to a spokesperson for the Consumer Credit Counselling Service CCCS,

As everyone knows, some from very bitter experience, it is really easy to get into credit card debt. One day it feels like you get a credit card, you spend a little on it, then you have to make a couple of bigger purchases, then you find that the interest rate increases and then before you know where you are, you suddenly end up owing thousands on your credit card.

A county court decision to write off a woman's credit card debts due to the mis-selling of payment protection insurance PPI should not be seen as providing a licence to borrow irresponsibly, it has been