With most credit cards and store cards, you won't get charged interest if you pay your bill in full by the date on the statement.
In addition to using your credit card for shopping, you can use it to borrow money by taking out a cash advance.
If you have an unexpected, large purchase, credit cards allow you to buy it instantly and settle up later.
If you use your credit card cleverly, you can make a purchase and get up to 59 days interest-free credit before settling the bill in full.
Though you end up paying more, it enables you to spread the cost of expensive purchases, and if you shop around for a low-interest rate, this need not be too costly.
Some credit card policies offer you the chance to insure items you purchase with your card. This means that if you buy something that turns out be faulty and then find that the shop won't help you, you can make a claim against the credit company. This applies to goods or services costing more than £100 each, even if you have only used your card to pay a deposit.
Debt Consolidation Explained contains general information only. We strongly advise you to seek qualified professional advice before taking any action.