More than 12 million credit card holders - some of whom may be eligible to make a payment protection insurance (PPI) claim - will rely on their plastic to pay for everyday items this month. A new survey conducted by the Post Office has indicated that one in three people who hold a credit card will be forced to use it more often than they might wish in January, as money continues to be tight for many households. Over two million respondents stated they would spend more this month than they had done in January 2011. Around one in ten will use their plastic to pay off outstanding debts from Christmas, while seven per cent will add energy bills to their cards. "Whilst it is good to see so many people intending to manage their credit card purchases and repayments sensibly, there are still too many people who aren't thinking of the consequences," commented head of credit cards at the Post Office Az Alibhai. Payment protection insurance was added to many credit card plans, but it has since emerged that customers were often mis-sold the cover, which has led to a flurry of compensation claims. Amir HussainAmir specialises in personal loans, consumer debt and debt management.
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