Bad Credit Credit Card Debt Rises

It won't be a surprise to hear that credit card companies are noticing the fallout from giving consumers too much credit. The latest research from KPMG said there is a rising trend in defaults on unsecured loans such as credit cards.

Should we care that the banks are having to write off more debt? Yes we should, as everyone who owns or wants to take out a credit card will pay for the defaults with increased APR's. As for those looking for credit card debt solution, there are plans out there that mean everyone wins, including your creditors, so talk to a professional about debt help as soon as you can.

They will be able to tell you whether debt management or an IVA or another debt solution would help you beat debt and make your credit card debt affordable.