Credit card problems

Credit card problems are incredibly common so if you're experiencing difficulty paying off a credit card, listen carefully.

First things first, you're not alone. There are plenty of other people going through exactly the same problems with credit cards. The UK has become a nation synonymous with debt and a large number of these problems relate to credit card debt.

If you're reading this, then you've taken the first and most important step of all towards fixing your problems. You've recognised that you have a credit card problem and that you need to take decisive action to improve your situation.

The next step is to sit down and carefully sift through your finances. Look at your margins and examine exactly how much is going out and coming in each month. You might realise that you can fix your credit card problems by simply cutting back on a few things and making small sacrifices. Even if you have severe credit card problems doing this is a useful exercise as you know exactly where you stand when you come to seeking professional help.

You'll definitely want to get in touch with your providers and see what the situation is. They might well be able to help you secure an agreement that changes the complexion of your problem by freezing repayments or transferring your debt to a more relaxed plan. Even if they can't help you, again, it's good knowledge to have.

If you do manage to ease your credit card problems by takng these steps, make sure you stick to your guns. If you immediately start spending the second you free up a small amount of cash, then you're going to end up in one place - back to square one.

We have details of sorting out your credit card problems ad other great resources right here. So now matter how large your credit card debts are, we can help you find the solution you're looking for.

Credit card companies increase consumer debt problems

Some of the leading credit card providers have increased their interest rates, plunging many consumers into further debt.

Credit card rejection won't affect debt problems

The Consumer Credit Counselling Service (CCCS) have told consumers that if they're rejected when applying for a credit card or any other form of finance, it won't affect their credit rating

Credit card debt means 0% offers still in demand

According to research from Abbey, nearly 25% of credit card customers will make use of a 0% interest offer in the next year, in a bid to reduce debt.

St Albans worst for credit card debt

St Albans has been outed as one of the worst areas in the UK for credit card debt, according to Experian.

Credit card debt can take 31 years to pay off

According to research from uSwitch, millions of UK consumers might need as long as 31 years to pay off their credit card debts in full.

Reduce credit card debt with Barclays plastic

Barclays are offering two good 0% balance transfer deals which could be the perfect answer for those looking to solve credit card debt problems.

Student debt more likely in Scotland

Students are advised to use credit cards to help them efficiently manage their finances, but many fall into the trap of wracking up huge bills by spending excessively on clothes, drinks and sociali

Debt help advice from Barclaycard

Barclaycard are offering credit card debt advice to students ahead of the new term, in the form of a comprehensive guide to borrowing.

Credit card debt could skyrockets as 0% deals end

The number of people in the UK pushed to breaking point by their credit card debt could be about to significantly increase, as some 5 million consumers come to the e

Credit card debt increases in second quarter of 2008

The number of consumers experiencing credit card debt in the UK is increasing, as more people turn to plastic to pay off household bills and other outgoings.

Credit card debt on the rise

Credit card debt in the UK is on the up as more people are defaulting on their repayments.

Credit cards financing increased cost of living

Consumers struggling with the increased cost of living are getting into credit card debt by paying their bills with plastic instead of simply reducing their outgoing

£3000 of debt wiped out in an instant

People struggling with debt problems could wipe out as much as £3000 off their arrears, simply by changing their financial products to cheaper options.

More people lying to escape reality of debt

UK consumers are lying on applications in order to obtain credit according to a new report from CIFAS, the national fraud prevention service.

Holiday debt can be avoided with Abbey credit card

A new credit card from the Abbey that doesn't charge consumers for taking money out abroad has been hailed as the perfect tool for reducing holiday debt

Warning over high interest finance products

With the credit crunch making loans and credit cards harder to get hold of, experts are warning consumers to stay clear of companies that offer quick loans with huge interest rates.

Split views on Halifax credit card and debt

Halifax have announced a new credit card that offers 0% interest on balance transfers and purchases for 10 months.

Credit card debt not surprising

With considerably more people in the UK preferring to spend on plastic than pay by cash, it's hardly surprising that Britain has such huge credit card d

Understand credit cards to avoid debt

Credit Action have advised customers to ensure they fully understand everything about the credit card they're using to avoid piling up significant debt

Use a credit card abroad to avoid problems

Apacs are advising consumers to use a credit card abroad to give them protection on purchases that they otherwise wouldn't have when paying by cash or using a debit card.

Credit crunch turning consumers to debt

With providers less willing to approve credit applications, many borrowers are having to turn to more expensive agreements, that are far more likely to plunge them into

Using credit cards on the slopes a problem

When you're using your credit card whilst on holiday, you could be wracking up more debt than you ever imagined.

Egg cuts off supply of credit card debt

Credit card provider Egg have cut off customers who have debt problems or are considered to have a 'higher than acceptable risk profile'.

Debt free by the age of 50

The average UK consumer will be debt free by the time they're 50 according to new research from Money Matters.

British debt scares store card giant

GE Money are considering selling up and getting out of the UK store card market, as the amount of debt the British are piling up on plastic continues to soar.

Barclaycard Write off Debt

Barclaycard says it will have written off over £1.5 billion by the end of 2006 blaming the increase in marketing of IVAs or Individual Vol

Card firms could impose new charges

New research by Defaqto has unearthed plans by Credit card providers, to impose higher interest rates on customers who consistently fail to

A third of people unaware of interest-rates

New research from the Motley Fool website has shown that as much as a third of people are unaware of the interest they will be paying on a

Many Unaware of Credit Card Debt

As many as 46% of people do not know what interest rates they receive on their savings or are paying on their accounts and de

Spending spree predicted to begin 2007

Research from Direct Line Home Insurance has revealed that consumers in the UK will spend a staggering £1.8 billion more in the January sales than they di