Tag Archives: Hardworking People

UK Credit Card Debt.

cards

In the United Kingdom, total Credit Card debt now stands at about £61,000,000,000.  Approximately 2,000,000 people are in arrears or have defaulted and another 2,000,000 are struggling to repay their debt…..The Financial Services Authority says: “Our study suggests that the market is working reasonably well for most consumers, with a range of cards on offer. However, for a significant minority who are in persistent levels of debt, the market could potentially work better.”  (Not sure what that means.)