Friday 16th of October 2009
Regular spending on your credit card - even only on cheap items - could quickly plunge you into debt and leave you requiring a debt management plan to regain financial stability.
Research carried out by insurance firm Aviva shows that 50 per cent of Britons do not take their lunch to work with them.
And putting just a few pounds on the plastic each day could result in a large debt accumulating.
Britons may want to consider that even a ‘cheap’ lunch costing £5 can leave you more than £100 out of pocket each month.
Debt management plans could be ideal for repaying this level of debt.
A financial expert will help you and could reduce interest rates, restructure the repayment period and tailor the size of repayments so they are realistic and manageable - which could be the perfect way to deal with credit card bills that have stacked up.
By Rachel Powell
