Brits 'focusing on zero per cent cards'

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Brits 'focusing on zero per cent cards'

UK borrowers are shifting their credit card debts to zero per cent interest deals in order to make savings, it has been revealed.

A spokesman from Candidmoney.com said many consumers are making use of these zero per cent offers in order to bring down their overall borrowings during this period of austerity in the UK.

The representative stated: "The best way to avoid greedy businesses who try to profit from debit card surcharges is to avoid them and take your business elsewhere."

He added that for consumers who are not able to find such deals, it may be useful to transfer borrowings to other forms of borrowing, such as pre-paid cards or those without a surcharge, such as Electron.

According to new figures from the British Bankers Association, British consumers are very wary about debt and looking carefully at their spending habits.

Repayments on unsecured lending outstripped new borrowing in August by around £100 million.

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