Calls For Credit Card Age Limit To Increase
Posted on January 5, 2008 - Filed Under Finance | Leave a Comment
The burgeoning debt levels in UK society are a frequent topic of debate in the media, and with good reason: in August 2007, the debt charity Credit Action estimated that total UK personal debt stood at £1,345 billion - a 10.2 per cent increase on the previous twelve months. Additionally, average consumer borrowing on credit cards, motor and retail finance deals, overdrafts and unsecured personal loans had risen to a staggering £4,550 per UK adult in June 2007. But what exactly can be done to curb this growing problem of debt in Britain?
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