"Credit cards are the most widely and easily available form of credit," said Sara Garland, personal insolvency manager with Grant Thornton Debt Solutions, which offers advice to people in debt. "People can have multiple cards at the same time - it's hard to keep in control and easy to lose track of credit card debt and charges if you have multiple cards. People [with credit card debt problems] often owe €25,000 or €35,000 on their credit card." Garland, who has worked with Grant Thornton for several years, has dealt with debtors in all walks of life. "Credit card limits are often easily increased - so people become dependent on their credit cards without realising it," said Garland, "It's only when the credit runs out that people realise they're in trouble with debt and that they can't manage their finances on a day-to-day basis. Often the problems only become apparent when it's too late. We see everyday the stress caused by debt - such as anxiety, depression and in extreme … [Read more...] about Credit card interest could cost you thousands
2 years interest free credit card
How to solve your credit card anxieties
PUBLISHED: 10:28 25 January 2019 Peter Sharkey The post-Christmas credit card bill could be arriving now for millions of people around the country. Picture: Getty Images Mark Bowden Older homeowners have a solution for credit card quandary, says our financial columnist Peter Sharkey. Unless you bank online, that worryingly dull thud you’ve heard frequently in the porch recently is, quite possibly, written confirmation of your festive season expenditure. If you happen to bank online, the same information is usually accompanied by a jolly ‘ding-dong’, though the detail attached to the incoming email is equally unwelcome. Yes, it’s that time again: mountains of credit card bills have started arriving in homes across the land, each detailing seasonal generosity in a series of glaring, unforgiving statements. Did you really buy that expensive [insert purchase details] item for [insert name] and receive just a bottle of cheap white wine … [Read more...] about How to solve your credit card anxieties
Best 0% interest-free credit card for spending and purchases up to 28 months
LOOKING to make a big purchase in 2019? Then you should think about picking-up a 0 per cent purchase card. Used correctly a purchase credit card can help you spread the cost of a big-ticket item - like a new kitchen or holiday - without racking up hefty interest charges. The longest deals on the market now stretch to a whopping 28 months - giving you the chance to pay-off your debt in just over two years. The Sun Online has taken a look at some of the cards with the longest 0 per cent periods on the market but before we do, a word of warning. Always be responsible when it comes to spending on credit cards - try and clear your balance in full each month outside of a 0 per cent purchase period, otherwise you'll start paying interest on your balance. If you can't clear it each month, ideally you should try and pay more back than the minimum monthly payments, otherwise your debt will take longer and longer to clear. And never use cards to regularly cover gaps in your monthly income either, … [Read more...] about Best 0% interest-free credit card for spending and purchases up to 28 months
Money Saving Expert Martin Lewis reveals how to save HUNDREDS on your credit card debt
MONEY Saving Expert Martin Lewis has shared some tips about tackling your credit card fees. By Christine Younan/Published 17th December 2018 MONEY SAVING EXPERT: Martin Lewis revealed information about credit card fees (Pic: GETTY) Christmas is an expensive time of the year, with Brits looking for many ways to save money.Many people will use credit cards to help pay for all the food and presents over the festive period, and now Martin Lewis has revealed how you can cut your credit card debt and save hundreds.Posting on MoneySavingExpert, the 46-year-old claims if you’ve got an outstanding credit card debt, cutting the interest means your repayments clear the actual debt.And the key thing you can do to achieve this is a 0% balance transfer, where you get a new card to pay off existing cards. So you still owe, but interest free. Related Articles Tesco launches 50% off toys for Christmas – here are the best deals Money Saving Expert Martin Lewis reveals how to boost your … [Read more...] about Money Saving Expert Martin Lewis reveals how to save HUNDREDS on your credit card debt
How to save hundreds off your credit card fees according to Money Saving Expert
Christmas is a very expensive time of year, with many of us looking to save cash where we can. Many of us will be using credit cards to help pay for all the food and presents and now Money Saving Expert Martin Lewis has revealed how you can cut your credit card debt. Martin says if you've got outstanding credit card debt cutting the interest means your repayments clear the actual debt, so you can be debt-free faster. The key thing you can do to achieve this is a 0% balance transfer, where you get a new card to pay off existing cards, so you now owe it, but interest-free. Martin advises one card in particular that is best for this - The Santander 27mths 0% no fee - and it's not an 'up to'. Martin says: "Most 0% balance-transfer cards charge a one-off fee, as a % of the debt shifted. However, Santander is 27mths 0% with no fee. So shift debt there correctly and it's totally cost-free. "A few longer-0% cards are available. My mantra has long been 'get the card with the lowest fee in the … [Read more...] about How to save hundreds off your credit card fees according to Money Saving Expert