Compare Credit Cards with CardSmart

Home » Credit Card News » Spending Money » Credit card advice: Don't over commit

Credit card advice: Don't over commit

The Yorkshire Post has come to the aid of one individual who is struggling to clear their debts and is simply meeting their minimum bill repayments.

More from Spending Money
1 July 2009

Credit card advice: Don't over commit ”

Bookmarks

According to the paper, a monthly budget can help an individual manage their financial commitments, such as money that is owed on credit cards. It also states that consumers should not over-spend or take on monthly expenses that are difficult to meet.

Other tips for managing credit card debt include reviewing budgets regularly and prioritising debts. This can help individuals keep debts "under control".

In addition to the advice offered by the paper, those with debts may find transferring them to a 0% credit card may be a cost-effective way to help speed up any debt repayment process.

In related credit card news, it was recently revealed that one in every ten people state they could not manage their finances without using a credit card.

According to data from Tescocompare.com, 84% of respondents do not plan to use their credit card less frequently.

Written by ©

Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
Compare More Credit Cards...

The content and information on this website are intended as general information only and shall not be construed as financial advice or recommendations of any nature in accordance with the Financial Services and Markets Act 2000 nor is it intended to address specific financial requirements. Read more... We strongly recommend that you seek independent financial advice before using and/or relying on the information made available to you or prior to purchasing any financial product/service listed on the Website. Whilst every attempt has been made to ensure that the content and information published are true, correct and up to date, no warranty, guarantee or representation is given as to its accuracy, reliability or fitness for a specific purpose.

The Best Buy credit card comparison tables feature financial products/services of our advertisers and may not necessarily constitute the best offers in the market for each of such products/services.