Credit card providers are required to inform customers of the costs involved in such lending, it has been observed.

Martyn Saville, spokesperson for consumer watchdog Which?, explains that interest rates and other fees should be made clear by the lender.

He adds that spending on plastic can be expensive - which could prompt many individuals to turn to secured loans to clear such costly debts.

"Credit card providers must provide a summary box which includes information such as the card's APR, fees, charges and the allocation of payments," Mr Saville explains.

"Store cards are generally an expensive way to pay for goods as they tend to charge a higher interest rate," he adds.

The spokesperson urges consumers to clear their balance in full on high-interest cards in order to avoid worsening their financial situation.

One way of doing so could be to take out a secured loan, which can provide additional funds for a range of purposes including debt consolidation.ADNFCR-1287-ID-18348424-ADNFCR

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