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Credit squeeze on credit cards
Recent troubles in the US lending market have had a knock-on effect in the UK, leading to credit card companies reviewing existing customer accounts and rejecting more new applications as approval criteria gets toughened.
Two out of five use Credit Cards to finance Christmas
Recent research has shown that last Christmas was financed by credit cards for two out of five Britons, with one in five still paying it off as this festive season looms.
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