Cash Habit Ended Up As a Debt of Pounds 5,000

Summary


NICK Fisher will certainly welcome reform on credit cards. The 29- year-old, who is single and lives in Swindon, had built up Pounds 5,000 of debt on several credit cards with Barclays, HSBC, MBNA and Nationwide. Only recently, helped by finding full-time employment, has he managed to get his card debts down to under Pounds 500.

'In the past, I've been caught out by using my cards to obtain cash at an ATM,' says Nick, a trainer and assessor for a company specialising in training people to obtain national vocational qualifications.

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Extract


Cash Habit Ended Up As a Debt of Pounds 5,000

Nick, who in his spare ti...

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