Demand for credit cards is "feeling the strain" as UK borrowers turn to other forms of finance, a report has said. Households paid off some unsecured debts in 2011, but were still left with an average debt of about £7,900, PricewaterhouseCoopers (PwC) said. But credit cards were facing a "mid-life crisis" as people used debit cards, digital payments and payday loans instead. A separate report described the payday loan expansion as "phenomenal". However, there are no official figures that can chart the reported rise in payday loan use....Read more HERE