Apacs advises students on credit cards

UK payment association Apacs has launched a new guide to help provide information and advice for students with credit cards.

Apacs advises students on credit cards

UK payment association Apacs has launched a new guide to help provide information and advice for students with credit cards.

As the UKs younger population struggles with debt, many students can find their situation is made worse through getting into bad spending habits.

Almost a quarter (24 per cent) of under 24s now own a credit card and for many the first time they begin using their card regularly will be when away at university.

Apacs has produced the new guide to provide students with advice on how to manage their finances effectively and gives information on safe borrowing, as well as a list of benefits and risks associated with credit card use.

It is hoped that the new advice will help students to make more informed choices when considering which credit card best suits their financial needs, as well as helping them avoid pitfalls such as becoming the victim of credit card fraud.

The advice is available online from Apacs, and according to Sandra Quinn, director of communications at the organisation, the guide "is designed as a quick and easy checklist for students".

Important Notice
This guide is intended for general information only and is not intended as, and does not constitute, any form of advice, recommendation or endorsement by us of any particular product(s) or services and you should rely on your own further research and professional advice in relation to your specific requirements and circumstances before purchasing any products or services. Use of this guide is subject to the Terms of Use of the KnowYourMoney site.

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Page compiled: 24/04/2014 15:04:12