Store and Credit Card Debts

What is the difference between credit cards and store cards?

Although these cards look similar and offer you the same ability to spend now and pay later, there are significant differences between credit cards and store cards. You can use a credit card practically anywhere; payment networks, such as Visa and MasterCard, allow for global spending. Store cards, however, can only be used within that store. For example, a Next store card can be used at any Next store across the UK, but other retailers will not accept it as a method of payment.

Taking out a store card or credit card can seem like a harmless and useful tool at first but it’s easy to fall foul of the fees and interest that is applied once you fail to repay the balance each month. Debts of this nature are deemed ‘unsecured debts’ and we can help individuals across Scotland that are suffering with financial problems stemming from credit and store cards through a number of formal debt remedy procedures that protect you from creditors and threats of legal action.

Speak to one of our friendly, experienced advisers for free today and arrange a free no-obligation consultation with one of our Scotland-based team.