Rising unemployment is meaning that increasing numbers of people are turning to high APR credit card cash advances to make ends meet. The British Chamber of Commerce estimates that UK unemployment will reach 3.1 million people (10% of the workforce) over the next 2 years.

What is a Credit Card Cash Advance?

A credit card cash advance is an opportunity for a consumer to borrow money against their permitted credit limit. A credit card cash advance doesn't simply extend to withdrawing money from a cash point machine, it can also be a credit card cheque or a gambling transaction. Consumers pay a high APR and various withdrawal charges for credit card cash advances.

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