Fears of Plastic Meltdown Grow

There are evidences everyday that credit-card debts are increasing.Soaring fuel coasts,rising food prices and climbing energy bills are being kept at bay with credit cards.Many of these debt-soaked consumers were already struggling to make their minimum monthly repayments.
More than $1 trillion is held on credit cards in America.In the UK,debts of more than $50 billion have been run on the plastic.Across the world ,somewhere between $2 trillion and $3 trillion is owed on credit cards.
Statistics have shown steady levels of arrears,and suggested that many consumers have been successfully paying off part of their balances.
Financial tips

There are increasing signs that this last breakwater,shoring up the economies of the western world is about to crack under ever-increasing strains