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Credit card holders in the UK now owe an average £2,200 on their cards. Recent reports and interviews with the main retailers show a slowdown in consumer spending; the slowest in over twenty years as shoppers slow the pace of their spending.
For a UK shopper having to clear a debt of £2,200 on credit card or store cards with an interest rate of approximately 15% on their credit card will take more than two years with a repayment of £100 per month. The good news is that there are numerous simple ways to make significant savings to help clear your personal debts. By just following some of our simple money saving tips you can reduce you’re spending and clear your debt many times in less than a year.
Here are Debt Plan Directs top Ways to Save Money.
1. Reduce your outgoings
Advice on reducing your monthly outgoings
2. Change Your Attitude
Follow our tips for converting your junk into cash
3. Reclaim Bank Charges
Details on changing your bank account so that you no longer get charged for overdraft and unpaid bill charges.
Please let us know if you have any further ideas to save money or share your experiences to help other clear their debts and we will put the details on this page.
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