The number of people in the UK pushed to breaking point by their credit card debt could be about to significantly increase, as some 5 million consumers come to the end of their 0% interest deals.
Balance transfers and zero interest offers are a lot harder to come by as the Credit Crunch continues to bite down and many consumers could find themselves struggling to keep their head above water.
Research from MoneyExpert has found that borrowers are now favouring long-term agreements that offer fixed repayment plans, as apposed to quick-fixes that can actually increase debt if not dealt with properly.