Ending the credit card cycle.
It is easy to run up credit card debt. It starts by using your card to pay for things when money is tight. You tell yourself you will pay it off next month and that stops you worrying about the interest. When you fail to make that all-important payment the idea of having a second credit card seems like a good idea –and the vicious circle begins. Debt is common. Why? Because it is easy to fall into.
If you are in the credit card cycle you may be thinking that there is no way out. You don’t need to struggle month to month with your credit card repayments, you can seek free, independent advice from charities such as the Citizens Advice Bureau, National Debtline, Money Advice Service or from Payplan.
You could look into doing a structured plan with possible options including a Debt Management Plan or Individual Voluntary Arrangement, Bankruptcy, a Debt Relief Order, or even an informal agreement with your creditors that you set up yourself.
There are plenty of options that are available so you do not need to struggle and you can get help.
Written by Gemma on September 29th, 2011
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