How to end the long term credit card debts?

The Financial Conduct Authority (FCA) reported that 3.3 million people in the UK have long term credit card debts. In fact they are repaying less in principal than they are paying in interest and charges over a period of 18 months. According to the analyses of the FCA a customer with a £3,000 debt on a credit card with an annual percentage rate of 19% will be able to clear the debt within 20 years with paying as much in interest and charges as in

Credit cards and credit card debts

Credit cards are now everywhere. The credit card is used in every transaction. With the use of credit cards credit card debt is emerging. Almost every financial institution and bank works on credit cards. Many global corporations around the world are continuously working on their campaigns and campaigns so that credit cards can be used in every country. Credit cards have entered every area of ​​our lives. Credit cards are now very many species, with very few species in the past. We do not know