Released on = February 16, 2006, 5:29 am

Press Release Author = Clear Start

Industry = Financial

Press Release Summary = Clear Start, the UK Consumer Debt Service, blames the UK's
credit card debt problem on card companies that encourage people to overspend and
run up debts on which they are able to charge interest.

Press Release Body = Credit card debt is one of the largest personal debt sectors in
the UK and affects an increasing number of people each year. In fact, total credit
card debt in December 2005 reached £56.35 billion.

Clear Start, the UK Consumer Debt Service, blames the UK's credit card debt problem
on card companies that encourage people to overspend and run up debts on which they
are able to charge interest.

Given that the average interest rate on credit card lending is eleven points above
base rate, it is not difficult to see how quickly credit card debts can accumulate.

Clear Start urges people to read the small print before signing up to new credit
cards and to only spend what they can afford to re-pay.
If you are already entangled in credit card debt however, all is not lost. Contact
the Clear Start free credit card debt helpline on 0800 138 5445 and an impartial
advisor will help you clear your debts.


Web Site = http://www.clearstart.org/credit-store-card-debt.php

Contact Details = 5th Floor, Horatio House
77 Fulham Palace Road
Hammersmith
London
W6 8JA
Tel: 0800 138 5445
Fax: +44 (20) 8237 9756