Prepaid credit cards 'can help avoid debt'

Those worried about falling into debt on credit cards and store cards could find that prepaid credit cards are ideal.
Speaking about prepaid cards, managing director of the Debt Advice Foundation David Roger said that such financial vehicles can help people "avoid the accumulation of credit card debt" as people can only spend up to a certain amount.
"Basically the customer gets all of the advantages of using a credit card, for example being able to pay for goods over the telephone or not needing to carry cash but without the risk or temptation of spending more money than they have," he went on to explain.
Figures from Unbiased.co.uk show that debt on credit cards in the UK has risen to £54 billion over the past year.
Collectively, everyone in the UK will work the first 50 days of the year just to pay off their debt interest.
While credit cards could spell bad news for some, those who regularly pay off the amount on their card could enjoy a good credit rating and find it easier to get loans and other finance in the future.