Growing use of credit card

Despite the credit crisis (which we deferred money implies a more expensive, higher interest on any form of loan), the use of credit card (whether in retailing or a supplier of cash from ATMs) far from down, maintained and up 38.4% of the volume of banking transactions are through the cards.

Although sales of small businesses and large areas have fallen so far in 2008 between 5 and 3%, using the credit card has increased by 15%, only two percent less than last year and amounting to EUR 427,000 million.

The trend marks a disturbing bias in regard to the provisions of cash through the ATM: a total of 240,000 million which marks an increase of 1.74% over 2007. That is, there is a large segment of cardholders who meet its liquidity needs of credit, paying more expensive money.

In ten year, credit cards have doubled in number: from 36 to 77 million. The temptation to, if not well managed, can mean more of a headache.