Over a two year period UK borrowers have faced rising costs from credit card companies a report has revelled. An industry expert has commented from April 2006 to present the average purchase rate for credit cards has risen by a whopping 1. With this in mind those taking out a credit card with the intention of repaying the minimum monthly amount could be paying their purchases off for a very long time, in some cases this has been up to 30 years for a debt of £5000. Nearly half of British teenagers intend to get credit cards when they are adults,. Nearly half of UK consumers are not protecting themselves against credit cards and bank. read more

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