Credit Card And Finance News

The credit crunch shouldn't affect student card users "if you're good with you're money", a personal finance specialist said today

Samantha Owens said there was no need to worry about credit cards "as long as you use them wisely".

"Credit cards offer a lot of protection with making purchases, so if you're the kind of person who's been managing their money perfectly well up until now then there's no reason why you shouldn't continue," she added.

She concluded that the credit crunch in general should not have an affect, although if people are bad with their money it is going to be the same situation as before the credit crunch and they are going to get into difficulties.

A poll by Co-operative Financial Services, published in March 2008, found that 80 per cent of people in the UK worried about their debt and the average British person spends two years of their life thinking about personal financial problems.


The poll found that the least worried region was Northern Ireland where 68 per cent of people polled were worried about their finances.

Citizens Advice has released a new survey which states that record numbers of people are contacting them to seek help with their debt worries - many of who are struggling to pay essential household bills.

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