"Let me issue and control a nation's money, and I care not who writes its laws."

MAYER AMSCHEL ROTHSCHILD

Credit Cards and Loans

4.1 million Credit Card payments had been missed in the firsty 6 months of 2007, with an average late payment charge levied of £12.00, giving the banks an extra £48.5 million in penal charges.

In 2006 the value of credit card transactions was a staggering £511 BILLION.

Total Credit card debt for July 2007 was £53.5 BILLION

There are more Credit cards in the UK, than there are people

In fact it works out at just under 4 cards per adult in the country.

The average household debt is rising at an amazing £4745 every year

Some questions for you

Before your Credit Card company issued you with a card, did they make any fact finding enquiries otther than a standard credit check, to establish affordability?

So, do they know how much you can afford to pay back?

Do they really care?

These facts are taken from the CAB, BBC and moneyexpert.com

Take charge of you life again, fight the debt!