(ContentDesk) July 23, 2006 -- Debt help experts The Debt Counsellors have released The Credit Card Debt Report to provide an in-depth guide to the nature and causes of credit card debt in the UK.
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Credit Card Debt
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2009-01-06T08:34:49-05:00
Credit card debt is a major contributor to the UK's £1.19 trillion personal debt mountain in fact, the nation's total credit card debt in April 2006 was calculated at £56 billion, and according to the British Bankers' Association, credit card borrowing went up by 16% in May.The Debt Counsellors have compiled The Credit Card Debt Report to help address this growing problem and raise awareness of the issue.The Credit Card Debt Report details the facts and figures surrounding UK credit card debt as well as exploring the reasons behind the situation and offering advice for combating personal credit card debt.Also within The Credit Card Debt Report is a guide to using credit cards without getting into debt, a personal case study and advice on what to do when credit card debt gets out of control.John Porter of The Debt Counsellors says: "It's clear that credit card debt is one of the major factors of personal debt in the UK so we hope The Credit Card Debt Report will help people who are worried about credit card debt as well as those who simply want to find out how to avoid the credit card debt trap."The Credit Card Debt Report can be viewed at