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Students given warning on credit cards

August 9, 2007 by admin  
Filed under News, News-Credit-Cards

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As thoughts begin to turn towards the new academic year, British students were advised by experts at Barclaycard yesterday that, while credit cards can be a good way of managing finances if used wisely, they can also drive up debt.

Students’ attention was also drawn to the relatively high rates of repayment demanded by card lenders in the UK.

The lender gave the advice at its new student website, which advises customers to shop around for the cheapest credit deal.

Barclaycard’s managing director of UK cards, Amer Sajed, said of the site launch: “Cards can be a lifeline for students managing a tight budget. They can help make the most of your time at university and establish a credit record for the future, but only if they are used sensibly.

“Our new site includes some blunt advice to help our customers make the most of the benefits and avoid the pitfalls.”

Tags: british students, future, university, good way, education, managing director of UK cards, cheapest credit deal, Credit Cards

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