Store cards are an extremely popular way of purchasing goods in the UK. Common ways of securing items when you don’t necessarily have the funds available, many of us opt into these without completely understanding the terms and conditions.
Unfortunately, many store cards possess crippling interest rates. Before we know it, a small purchase has turned into something with huge consequences. With mounting financial pressures and growing interest, paying off a store card can sometimes feel like an impossible task.
When interest from store cards starts to grow, many will choose to ignore the problem – pretend that it’s something which can be sorted later. However, just by looking at this website, you’ve decided to tackle the situation head-on.
A debt consolidation loan can help tackle rising interest rates from store cards by replacing multiple unmanageable payments with one, affordable monthly amount. Put simply, applying for consolidation can be the first step to regaining financial control.