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New credit card may help debt management

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Published on May 5, 2010

People who are struggling to repay debts could benefit from a new type of card being launched.

Clydesdale and Yorkshire Bank is introducing a Gold MasterCard which has no interest on balance transfers for 16 months and no annual fee.

Paying the debt within those 16 months could save you a lot of money on interest rates.

It could help the debt management of those with bills to pay back.

An IVA is another debt solution for those with unsecured debts of over £15,000.

You could pay back a manageable amount over a period of 5 years before going debt free.

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