Credit Cards Observe 40th Wedding 38657

Barclaycard launched its first card o-n June 29th 1966 to just over one million customers.

Today it may claim 11.2 million members, adding to the 32 million credit cards used within the UK, together with the regular credit card service keeping 2.4 cards. Get supplementary resources on http://sports.aseancoverage.com/news/the-shops-rockvale-in-lancaster-pa-announces-its-15th-annual-fireworks-celebration-june-29th/0164840/ by going to our disturbing article.

But, if the anniversary is cause for celebration or regret remains open to question, with many blaming charge cards for Britain.'.. For fresh information, consider checking out: The Shops @Rockvale In Lancaster PA Announces its 15th Annual Fireworks Celebration June 29th.

Thursday the 29th of June marked the 40th anniversary of the charge card in Britain.

Barclaycard introduced its first card on June 29th 1966 to just over one million clients.

It can maintain 11.2 million holders, adding to the 32 million credit cards used in the UK, with the average credit card company keeping 2.4 cards to-day.

Nevertheless, if the wedding is cause for celebration or regret stays open to question, with several accusing credit cards for Britain's spiraling quantities of personal debt, now nearing 1.2 billion.

Robert Naylor, principal investigator at Which?, claims bank cards have led to the increasingly social approval of borrowing money, with people often requiring a debt-consolidation loan when their funds become uncontrollable.

'There is really a real danger that individuals are borrowing more and more and saving less. You can find tens of thousands of people at real economic risk,' he explained.

'Undoubtedly people should take responsibility for their funding.'

Mr Naylor called on consumers to take responsibility for their credit, while acknowledged that they are struggling against large companies with seductive offers.

However, h-e argued that the culture in the UK makes it too simple for people to enter into serious debt, with new results indicating that the numbers struggling with high levels of debt have doubled.

Furthermore, politicians are increasingly getting out of bed to the growing need to tackle Britons' personal obligations.

The Liberal Democrats have spoken out to describe debt as an integral issue in economy and social policy, while the latest figures show that the number experiencing loan repayments and credit card continues to escalate.

Vince Cable, Lib Dem economic spokesman, stated that the necessity to tackle debt could increasingly feature in social and economic policy.

'Millions of individuals are struggling to keep up debt service and are being hit by the double whammy of increasing unemployment and the warnings that interest rates will rise,' he warned.

Mr Cable was commenting in reaction to last week's results from the Customer Credit Counselling Service (CCCS), which showed the amount of people in extreme debt has doubled. To get alternative viewpoints, consider checking out: The Shops @Rockvale In Lancaster PA Announces its 15th Annual Fireworks Celebration June 29th.

Tackling the problem requires agreement one of the financial business and voluntary organizations on initiatives, Mr Cable suggested.

Meanwhile, many indebted Britons have increasingly discovered that debt consolidation loans enable them to manage their financial obligations.

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