Consumers have been issued advice concerning credit card debt management.
Writing in the Times, Ali Hussain suggested that people should make sure they have the best credit scores possible.
The expert stated: “Ensure your credit reference files are as up to date as possible as this will be used to determine what rate you receive or, indeed, whether you will be accepted.”
In addition, individuals should spread their debt over different cards so they can benefit from zero per cent transfer deals.
Meanwhile, consumers were also advised to take advantage of the rewards advertised by their credit providers, such as loyalty points offered by the financial services arms of supermarket chains.
Recently, Joanne Garcia, head of credit cards at Confused.com, claimed that people with credit card debts should make “every effort” to clear them as soon as they can.
Ignoring the debt, which can result in the closure of an account, is not advisable, she added.
