PPI Claim News - 15/8/2012
Incurring credit card charges 'is becoming easier'
Consumers ought to be especially wary of credit card claims, as companies that provide these devices are increasingly targeting the unemployed.
Confused.com has warned members of the public of the dangers credit card charges present, after research showed that the range of providers that accept people without a job grew by 26 per cent between July 2011 and July 2012.
Last year, 17 credit cards would have provided loans to people who were not in work, but this figure has now risen to 23.
This comes as the Office for National Statistics' Labour Market Statistics report found the number of unemployed people in the UK reached 2.56 million in the quarter before June, which is 51,000 higher than during the same period in 2011.
Furthermore, in 2011, the average income an applicant would require to successfully receive a credit card was £9,718, but this has dropped to just £9,035.
"We are warning consumers of the dangers of debt, as it appears to be increasingly easy to obtain yet more expensive to get rid of," head of credit cards at Confused.com Nerys Lewis said.
Amir specialises in personal loans, consumer debt and debt management
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