People Planning to Consolidate - November 27, 2007
According to Abbey around 7.7 million people are looking to colidate all their credit card debts onto a single card.
22% of adults currently have 3 or more credit cards and typically at least one card they have not used over the past 12 months!
I personally have 1 credit card (Capital One), which has a great rate and I am more than happy with. I am aware that it is possible to juggle around all your balances to ensure that you do not get into great debt, but I just don’t need to do that.
I have a good control over my finances and try not to spend on things I cannot afford. Its easier than it sounds I know, plus I dont have some of the financial burdens that other people have.
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