This is a 2% increase from the January 2011 figures, and accounts for 36% of all credit card holders. The Post Office also found that 42% of people with credit cards plan to pay for groceries using plastic, whilst 38% expect to spend an extra £200.
10% of people relying on credit cards this month still have debts to pay off from Christmas, and 7% will be forced to pay utility bills using credit cards.
Additionally, 21% accepted they will need take better control of their finances this year if they intend to pay off their credit cards, and 6% expect their debts will leave them seriously overstretched.
Nevertheless, a third of respondents admitted planning to use credit cards to make purchases in the January sales, and nearly 25% will book a holiday on their card in an effort to beat the January blues.
If you are struggling to keep on top of credit cards and other payments, there are a number of debt management options available. Our advisors can talk you through the best solution based on your circumstances – get in touch to discuss the way forward.