-
Credit card debt landscape alters, says CCCS charity
The number of borrowers seeking help from a charity over credit card debts has fallen, but problems are starting earlier. The Consumer Credit Counselling Service (CCCS) said the numbers seeking help had dropped since 2009. But the charity said that people were now looking for advice when debts reached just over £10,000, rather than £13,000 in 2009. Figures show that repayments on credit cards are outstripping new borrowing. British Bankers' Association (BBA) data in recent times has shown that the interest on existing debts has pushed up the stock of credit card debt slightly. The CCCS said that 76,368 people had sought the charity's help with credit card debt in the first half of 2012, down from 80,971 in the first half of 2011 and 85,315 in the first half of 2010.....Read more here: Credit card debt landscape alters, says CCCS charityYou must be logged in to post a comment.
- Hi & Welcome to the AAD Consumer Forum
We're a FREE consumer debt and legal forum offering help, support and debate in many areas of day-to-day life. You will need to Register a Free Account before you can join in with the discussion and contribute with your own posts. Remember to also check out the FAQ's so you can get to grips with how the forum works ready to start posting your new topics. Read about the new GDPR 2018 Rules and how it affects you as a member of AAD.
Tweet