Financial News

• Brown dismisses housing crisis fears (09 04 2008 10:15)
• Mortgage hope offered by bank (09 04 2008 10:15)
• Consumer morale 'falls again' (09 04 2008 10:15)
• Bristol & West withdraws deals (09 04 2008 10:15)
• Retirees feel 'unhappy due to no longer working' (09 04 2008 10:15)
• Severn Trent to be fined £36m (08 04 2008 04:15)
• Brown to announce first time buyers help (08 04 2008 04:15)
• UK bank details 'for sale by thieves' (08 04 2008 04:15)
• Last 100% mortgage to disappear (08 04 2008 04:15)
• High earners 'shut out of market' (08 04 2008 04:15)

Subscribe!

Poll: 3m own five or more cards

Over three million adults in the UK, four per cent of the total, have been found to own more than five credit cards.

A new YouGov poll, released yesterday, showed that 78 per cent are credit card owners - with 24 per cent owning two.

What's more, 1.8 million Britons were found to own more than five cards - with many juggling the plastic due to racking up large amounts of personal debt.

Overall, 28 per cent of poll respondents said that they had applied for a card within the last year.

Contained within this figure is the seven per cent who applied for more than one.

The British Bankers' association has said recently that a total of £30.4 billion is owed on credit cards in Britain.

YouGov's study showed that, region by region, residents of London were the most likely to own multiple pieces of plastic - while conservative Scots were the least likely to hold more than one card.

The research was carried out on behalf of finance firm MoneyExpert.

Send this article to: