According to recent Bank of England figures, Britain is the credit capital of Europe. Brits have twice as many credit cards as their European neighbours, with the average Brit carrying 1.4 credit cards. At the end of last year people in this country owed a staggering £54billion in credit card debt. Scary! The study's conclusion was that people in this country enjoy the flexibility of being able to pay over a long period of time for goods and services. Not surprising really with the rising cost of living here. Also I personally think that credit card providers make it so easy to get credit nowadays. I'm constantly being bombarded with junk mail, offering loans and 0% interest credit cards from companies eager to lend me money. It just goes to show how easy it is to get into debt. The best rule to follow is if you can't afford it, don't buy it until you can, no matter how tempting the credit deals.