How on Earth does anyone manage to get nearly 60 credit cards? The rate tarts amongst you would love to know, so that you can get more cards and better deals. If you find out, you hopefully won’t decide to max out all 57 cards to reach £412,000-worth of debt, as one man did according to the Consumer Credit Counselling Service.
Two things happen which cause a downward spiral into debt. Firstly, we aren’t educated properly about the value of saving, so here goes……