Bad Credit Loans:Credit Cards -- What You Should Know

A quick look around on the Internet this morning shows that more than 9 million people in the UK do not pay off their credit card balances each month. The average balance left outstanding is over £1000. The interest charged on such a balance varies according to the card, but we have seen rates of up to 29%! When you bear in mind that banks are offering somewhere in the region of 3% interest on account balances, it's easy to see how such a fantastic amount of money is turned over within the banking and finance industry! Consider a card with an average outstanding balance of more...


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