Many residents of the UK are set to overpay on their credit cards and the same holds for many Americans. Credit card companies offer residents in both countries many opportunities to loan money with 0% interest for a certain time, yet many people are set to continue to make minimum payments and accrue interest. If you are one of these people, it is important to check into low interest credit cards at websites like CreditCards.com: http://www.creditcards.com/balance-transfer.php.

From TimesOnline:
NEARLY 7m people will pay over the odds for credit card debts they built up over Christmas, in the latest worrying sign for the Britain’s beleaguered economy. Research by Moneyexpert.com, a financial website, found that 6.6m people are not planning to switch to a cheaper credit card deal, despite the fact that they are paying an average 16.8 per cent interest, compared with 0 per cent on the best transfer deals.