Do you simply choose to ignore your credit card bill? Large numbers of people in the UK admit to this alarming habit, but perhaps even more conearning is that these people also live in the false hope that their credit card bill will magically disappear! I cannot believe that people are so unresponsible with their spending and utlimately their debts.

Treating debt like this is a sure fire way to land yourself in very hot water. Lenders are tightening lending criteria so it's becomming muich harder to get a loan. People who ignore their credit card bills and then think applying for a loan to consolidate debts may find themselves with a declined loan application; especially if they have charges and late payments damaging their credit rating from previously ignored credit card bills.

There are, however, around 60 per cent of credit card customers doing the right thing and clearing their credit card bills in full, every month. With the credit crunch being felt by consumers through the recent interest rate rises on credit, particularly loan interest rates, and the bills that land on their doormats. It is encouraging to see that 60 per cent of credit card customers can still afford to repay their balance in full each month. It is essential that people do not rely on their credit card for every day spending because this will only lead to further debt problems.

As I keep saying, you should seek professional advice if you're worried about keeping up with repayments on loans, credit cards, your mortgage or any other form of borrowing.