Getting to grips with credit card debts could be an effective way of helping consumers to get on the housing ladder.
Ensuring that credit card
debts are repaid quickly may help Britons in the house purchasing process.
For those looking to increase their chances of being able to purchase a home, moneysupermarket advises they maintain a good credit rating, with the consistent paying of credit card bills one way to do this.
By making a payment each month - the minimum when necessary, but if possible the maximum amount - a person's financial score can be improved, making them a more attractive prospect to lenders when it comes to applying for a mortgage.
"Someone without a credit card - even if they have no other debts or financial problems - will not have as good a credit rating as someone with a credit card," the site points out.
However, those who are unable to keep up with repayments will find details of missed demands for payment are held on their personal file for a six-year period, something which could impair their access to a mortgage later in life.
For those who are concerned about their capacity to manage their credit card debts, getting a credit card which comes with a zero per cent balance transfer for six months may be useful.
Speaking last month, Frances Walker, of Credit Action, urged for credit card holders to be "very sensible" about how they use their plastic and that as the form of credit becomes increasingly expensive they should look to make more than just the minimal monthly repayments.