Compare Credit Cards with CardSmart

Credit card and other consumer borrowing in UK 'reached £4,708 per person in November'

The average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans rose to £4,708 per average UK adult in November 2009, according to new statistics.

More from Trends and Analysis
7 January 2010

Credit card and other consumer borrowing in UK 'reached £4,708 per person in November'

The data from Credit Action showed the average household debt excluding mortgages is currently £9,016, increasing to £18,784 when unsecured loans are taken into consideration.

Average household debt including mortgages, meanwhile, is £57,888.

Credit card holders looking for a more effective way to pay off their balance may want to consider moving all their credit card debts on to a card with a 0% balance transfer fee with a good interest rate.

The Nationwide gold credit card is one card that allows holders to pay off their most expensive debt first.

It offers 0% on balance transfers for the first 13 months from the date on which the account is opened.

The typical variable rate is 16.9% APR variable.

Written by ©

Best Buy Credit Cards

Credit Cards Balance Transfers Purchases APR Representative (Variable)
Tesco ClubCard Purchases Credit Card Logo Tesco Bank Logo Tesco ClubCard Purchases Credit Card Apply
 0%
9 months
2.9% fee
 0%
18 months
 
16.9%
Representative Example: The annual purchase rate is 16.9% p.a (variable) so if you spend £1200 your representative apr will be 16.9% p.a (variable)
Barclaycard Platinum With BT (27 Mths) Logo Barclaycard Logo Barclaycard Platinum With BT (27 Mths) Apply
 0%
28 months
3.5% fee
 0%
6 months
 
18.9%
Representative Example: The annual purchase rate is 18.9% p.a (variable) so if you spend £1200 your representative apr will be 18.9% p.a (variable)
Compare More Credit Cards...

Categories

Credit Card News Archive

Some important information about this page

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. 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.

Copyright © CardSmart Ltd 2009 - 2013. All Rights Reserved | Privacy Policy | Terms

"CardSmart" and the CardSmart logo are registered trademarks of Smart Online Marketing Ltd. Company registration no: 08430745