Credit Cards Turning Into Debt Traps | Leeds News

Eight million adults are drowning in credit card debt, using plastic to pay for groceries and energy bills as costs soar — a crisis pushing more into expensive, long-term borrowing. Defaults hit a 12-year high, and debt charities warn current rules fail to stop people from spiraling into high-interest traps. With everyday expenses climbing, credit cards are becoming a lifeline — and a liability. Now, advocates push for stricter lending rules to ensure borrowers can afford what they’re given and to intervene early before debt takes root. The goal? Break the cycle before it starts — turning credit cards from a safety net into a financial lifeline. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/913a5730a742d798