IVA : Credit Cards ‘Obtained Too Easily’

USwitch, the website that compares prices and products of different companies, and offers the option of changing suppliers, has said that credit card issuers are fueling the debt crisis. The website claims that 89% of cards issued in 2006 were issued without the applicant having to provide proof of their income. A spokesperson for the credit card companies said that credit companies checked applicants recent credit history, and they had turned down 33% of all requests for new cards. If you have recently been refused a loan or a credit card, and would like to discuss you circumstances with a professional debt adviser, then call My IVA Adviser on 0800 088 7503. Or for further information on all the different types of debt solution available, go here.