Far to many young people start of their working life by getting a credit-card and spending up big.

Soon we realise how much money we are giving away to the banks and look for a better deal, of course there are hundreds of other banks who want you to give them the extra money, so they give you a deal you can’t refuse and before you know it you have a bigger debt, and so on and so on.

So how do we get out of this situation? Find a Credit card with the lowest interest you can find, consolidate all your cards to the new account. When you get the new card CUT IT UP.

Now you have a way out, yes you will have to work hard at paying this debt off but soon it will be all worth while.

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