Apacs launches online card advice for students

September 18, 2006

Apacs, the UK payments association, has announced that it is launching an online guide to credit cards for students in the UK.

The guide will provide a range of useful advice for cardholders, including tips for safe borrowing and good financial management, advice on fraud protection and details on various benefits and risks.

According to Apacs, a large number of students are currently concerned about financial issues.

It therefore deemed it worthwhile to offer the online guide, despite the fact that only 24 per cent of people aged 18 to 24 have a credit card, compared to 66 per cent of the population as a whole.

Sandra Quinn, director of communications at Apacs, said: "Nowadays, most students expect to be in debt when they graduate and whilst it might be impossible to avoid student loan debt, getting a handle on managing your finances can make the world of difference.

"We have an important role to play in educating all people, not just students, about responsible borrowing and the benefits and risks of using plastic cards."