Cut up credit cards if you are struggling, debtors advised by Finance News Bulletin

Published: 05/12/07

As a number of fee and speed increases hits the credit card market, it is "more important than ever" that people supermarket around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases by shopsafeco

ukConsumers that are stressed with their level of unsecured money owing should cut up their credit cards immediately, a financial services provider has advisedAt the same occasion they should look to get a consolidation loan and start paying off their borrowings, according to MintA spokesman for the group supposed that people will "never really make any progress" with their debts until they take such steps

"populace will tell themselves that they'll chop their cards up, but in two or three years time they could well be in the same situation," he explainedAnd he added: "I can only begin to think about how many holidays are being paid for on a credit card - populace just think that, even if they haven't got the money, they can now put it on finance"According to Credit act, total UK personal debt at

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