Is it true that billions are being transferred on credit cards?

Actually this is true. Right now according to the latest research that is being carried recently, I came to know that £6.68 billion will be transferred between credit cards over the upcoming six months. Sainsbury’s finance showed that 4.3 million people or willing to transfer a balance between now and July, in order to switch to 0% credit card deals from their current plastic. Donald MacLeod, head of cards at Sainsbury's said that "Our research shows that there are an estimated five million people with outstanding balances who are not only incurring interest but also admit that it may take them longer than one month to clear their spend".

I was really surprised after seeing this because I never expected this much from credit cards. And as so many or willing to clear credit card debts, the debt consolidation loans will be a very good alternative for transferring a balance between credit cards. The southwest is the place where many people are willing to clear their credit card debts. I think this is a very good chance for those people who are giving loans.

I just saw this news from a very famous website which provide Homeowner Loans. I think you may be familiar with this website.