Post-Christmas Financial Difficulties
If you've spent more than your budget can cope with, then maybe
you're thinking about credit to help you through January. Many
people fear the long, broke month of January. After a lovely
Christmas full of joyous smiles January can see a mood swing in
the wrong direction. Many of us turn to credit cards to help get
through this terrible month. But without knowledge of the
financial industry a person without a great income can fall
victim to the evil grip of unscrupulous credit companies.
In his newspaper article, Simon Bain of the Herald tells of how
one particular bank has been sending credit card applications to
people with offers of a credit card with APR of up to 69% (http://www.th
eherald.co.uk/business/52784.html). This astounding rate
applies with a credit limit of