The lack of availability of zero per cent deals on
National Debtline’s Beccy Boden-Wilks explained that people used to use zero per cent nine month deals as a way of getting cheap credit on a regular basis.
However, as it becomes more expensive for lenders to offer cheap deals, these products are becoming less widely available and may vanish altogether, she said.
“Now people are getting to the end of their nine months, looking around for another one and being refused, or finding those deals aren’t available,” the debt adviser explained.
In addition, this is having a direct effect on
Debtline has seen an increase in
Sainsbury’s Finance stated that during 2008, 716, 600 will try and transfer around £1.1 billion every month between
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