Running out of funds before pay day?

A survey by suggests that 11 million people nationwide are turning to credit cards as a fall-back when they run out of funds in their current account.  On average, those in this group fall-back on their credit cards 21 days after being paid each month.  However, 9% of this group begin relying on credit cards less than 15 days after they have been paid, meaning they fund the remaining fortnight using credit cards.


Source: Credit Action – August 2011 edition

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s