(PRWEB UK) 24 February 2012
The average Britons monthly pay is only lasting 17 days according to a survey done by Halifax. As a result it seems UK workers are having to rely more so on credit cards.
With the usage of credit cards increasing you would expect consumers to have full knowledge about the risks and rates associated with credit cards. However, recent research carried out by the Charted Insurance Institute brought to light the lack of basic financial education. Many younger credit card users for example, struggle to understand basic information such as - What is the Annual Percentage Rate (APR)? Furthermore they discovered there was a very relaxed attitude to taking out credit, painting a rather bleak picture of younger credit card users.
With this is mind, the founder of http://www.cheapest-credit-cards.com saw a market and need for a simple credit card comparison site. With plain English information on the risks of credit cards and what fees you are liable for.
Cheapest Credit Cards was launched in early February 2012 and is powered by the Aspect Network. Its core focus is a simple comparison table which allows consumers to compare credit cards at ease, and understand the different charges they will occur.
Cheapest Credit Cards also offer a useful Cheapest credit cards FAQs. This section covers the ten most commonly asked questions such as: What a credit rating is? What does ‘APR’ mean? With short easy to read, and to the point answers.
The websites simple goal of simply informing consumers of the best deal for them and allowing them to understand the risks associated with the decisions they are making, will always remain the key focus of the website, as it continues to grow. Unlike other competitors, Cheapest Credit Cards main goal is to provide website visitors with top quality content that will leave them feeling reassured on all matters of credit control.
For more information on http://www.cheapest-credit-cards.com please visit the website.