IVA : Spending On Cards Hits Record Level.

Christmas 2006 saw the amount of money spent on credit cards rise to a new record.

There were a massive 250 transactions every second, throughout the whole month of December, according to figures just released by Apacs the UK payments association.

Shoppers managed to spend an incredible £31 Billion on their credit and debit cards in December alone, which is a rise of almost 9% compared to the same period in 2005.

However, the amount of money spent on credit cards fell slightly to £11.4 Billion, compared to £11.5 Billion in 2005, and a decrease of 4% of actual credit card transactions, with 205 million transactions in 2005 down to 197 million in 2006.

If you are struggling to repay your share of the £31 Billion spent before Christmas, and don't know where to turn, then call myIVA-Adviser.com and have a chat with one of our professional debt advisers.

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