Credit card lending sees biggest drop in six years

Net credit card lending fell by £147 million in July, according to figures released today by the Bank of England.

Ace Debt News: Says 

This is one good thing that comes out of any crisis that people start to cut-back on spending!As the advent of a downturn in the fortunes of people and as austerity measures start to bite this will be only a good thing.

We cannot borrow ourselves out of debt! We can only manage debt with good financial advice!
        
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