Over the christmas period everybody would have been offered expensive store cards to pay for their purchases. According to an article in www.MyFinanceExpert.co.uk (12/12/07) “New research conducted by uSwitch.com, the independent price comparison and switching service, reveals that using store cards for Christmas shopping will cost consumers £2.8 billion[1] in interest in the next year alone. “

The article goes on to say “People are typically lured into store card deals at the checkout because they will get a small discount on the purchase being made. In most cases, this discount will be completely negated by the high levels of interest incurred by those who do not pay the balance off in full every month”.

The best way to manage your finances and reduce your monthly outgoings may be to consolidate these expensive cards and take out a secured loan or remortgage your home. A specialised broker may be able to help you obtain a secured loan or to remortgage your home. They may be able to help you even if you have been refused credit by the high street lender or have a bad credit history.