A quarter of all credit cardholders are more dependent on credit than they were last year, according to new research.
The Post Office found that 41 per cent of people with a
Half of cardholders are also planning to use their plastic to bag a bargain in the January sales and 28 per cent want to purchase bigger products such as holidays with theirs.
“January is the time of year when people struggle with their money the most,” commented director of lending at the firm Gary Fitton. “Many people have over-stretched themselves over the Christmas period and have little choice but to use their
However, Mr Fitton warned that high interest rates mean it is “crucial” to find a good deal on a
According to Credit Action, the average interest rate charged on a
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