Tips for Avoiding High Debt Interest Payments
2007-01-26 03:13 AM | Posted by Tejvan Pettinger | Permanent Link | economics, personal finance
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In the UK levels of credit card borrowing is reaching unprecedented levels. Some have suggested this is the consumer generation. I think in the past people wouldn't have considered borrowing so much unsecured debt. Perhaps it is just a feature of modern society with so many enticing goods to buy.
The most important thing is to try and avoid missing statements and having unauthorised overdrafts. Always maintain the minimum payments and always try to pay off the high interest bearing accounts first. If possible try to consolidate your debts in one place where you can get the lowest interest rates.
