Debt Advisers Direct is a trading style of Freeman Jones and part of the Think Money Group. We have over 15 years' experience helping people in debt and won numerous awards.
Despite recent base rate cuts by the Bank of England, the effects of the credit crunch mean it is still hard for UK consumers to get hold of affordable credit cards, according to new research.
A study by MoneyExpert has found that interest rates on credit cards have increased by an average of 0.56 per cent in the last six months, in contrast to the 0.75 per cent base rate cut over the same period.
As a result, many cash-strapped consumers will have to continue to use current cards, rather than shop around - potentially adding to the need for professional debt advice.
Sean Gardner of MoneyExpert said: "Everyone is finding it more difficult to make ends meet as the cost of living rises. People will want to turn to credit and that means splashing the cash on the plastic."
According to research by Credit Action, the average UK consumer owed £4,774 at the end of February on credit card bills, overdrafts and personal loans.
