Juggling credit and store cards
Published on Sunday, 6th of February 2011 by Craig Cummins. This article has previously been viewed 142 times and was last read on Saturday, 19th of May 2012 at 18:56:56.
People typically start to get into debt by building up a few thousand pounds worth of debt on a credit card.
Then, when they've reached their credit limit, they apply for another credit card with another provider; and/or they may take out a store card as well.
People can end up having many credit & store cards.
Then, perhaps because it's Christmas or a child's birthday or a family holiday etc..., one of the monthly re-payments get missed.
Soon this starts to become a regular event and it's at this stage that people finally realise they have a debt problem when they can no longer juggle the repayment demands of all their credit and store cards.
