Britons given tips to avoid credit card troubles
10 August 2010 11:04:06
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| Article offers advice on managing credit card debt. |
An article in the Denbighshire Free Press noted that some consumers underestimate the impact of a typical credit card APR on their monthly outgoings.
Furthermore, the report suggested that individuals should not feel compelled to use their credit cards simply because they are available to them.
"Instead of using the credit card, perhaps as a last source of cash for something that has to be bought, many people pay for items, which are often unnecessary, and throw the cost on the card to be repaid at their leisure," read one section.
The article also warned cardholders to ensure that a website is secure if they are making a purchase online, as credit card fraudsters could get hold of their details and rack up huge bills otherwise.
Meanwhile, the quarterly 'Cardbeat' study released recently by Auriemma Consulting Group suggested that Britons are increasingly accepting of credit card fees.
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