Northern Ireland has some of the worst rates of debt in the UK, with figures from BBC
state that adults in northern Ireland owe £3,990 on average in unsecured debt, according to new research by the Financial Conduct Authority (FCA
). The amount is £670 more than the national average.
Store cards are one of the primary sources of this problem. These cards are similar to credit cards but can only be used in a particular shop. Often, shoppers are signed up to a store card by a member of staff who has no other experience or training in finance, as a bank employee would, and they often use initial discounts to persuade customers to sign up.
Store cards usually have very high-interest rates, much higher than with ordinary credit cards and often as high as 25 to 30 %, which is why so many people find themselves struggling with them. Borrowers who miss payments are also hit with penalty charges, making the debt even more expensive.
We can help.
Whatever the circumstances, there are options.
At Get Help With Debt, we can write off thousands of pounds in debt and help you to manage the remainder, so it’s affordable for you.
Book your free
, no-obligation consultation with one of our expert advisors to find out how we can help you.
Once you’ve met with your advisor, we can present you with a range of bespoke solutions, and you can make an informed decision about what approach is best for you. After that we do all the hard work, handling all third-party communications for you, so you don’t have to deal with your lender anymore.
So, go to www.gethelpwithdebt.co.uk and start the process of becoming debt free.