Maxed Out: The Credit Card Trap
As the cost-of-living crisis continues, millions are leaning on credit cards to make ends meet. Are regulators doing enough to protect us from getting into debt?
As the cost-of-living crisis continues, millions are leaning on credit cards to make ends meet. Credit cards are part of everyday life, but with card debt rising rapidly, many are struggling to keep up. Credit cards offer convenience, free credit and protection against dodgy traders, but for those unable to pay them off in full each month, they can be a slippery slope to persistent debt.
Reporter Iona Bain investigates the hidden dangers of easy credit, from soaring interest rates and minimum payments, to lenders pushing higher limits and interest-free deals. With personal stories and expert insight, Panorama asks if regulators are doing enough to protect us and offers tips on how to avoid unnecessary debt.
On TV
Credits
| Role | Contributor |
|---|---|
| Reporter | Iona Bain |
| Editor | Karen Wightman |
| Executive Producer | Mike Lewis |
| Executive Producer | Leo Telling |
| Producer | Jessica Bell |
| Producer | Luke Mendham |
| Director | Luke Mendham |
| Production Company | Nine Lives Media |
