Wednesday, December 20, 2006

Credit cards - good, bad, or just ugly?

Most of us have at least one or two credit cards and some have many more. I currently have 3, 2 of which I use to pay down existing debt as they are "zero interest" cards, and one which I use as needed at a very low interest rate. You can find many of these options at credit cards UK

Now this can be a good thing, or it can be a bad thing, or if you don't make your payments on time, it can be a downright ugly thing. If you read the
credit card news, you will find that almost 25% of all credit card holders have transferred balances in the last year to othe rcredit cards, most often to lower rate cards.

Choosing the right credit card for you is important. You need to be aware of the many different types of cards on offer and to fully understand the small print involved. You should also seek
credit card advice if you find yourself on the "dark side of credit". As always, use your credit and credit cards wisely!

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