The UK credit crunch is loosening just enough so as to allow over three million credit card holders to switch over 7 billion pounds in debt so as to take advantage of lower rates. After a temporary hiatus on offers for 0 balance transfers, card holders are finding they can manage their finances much more effectively by moving balances due to these interest free credit cards.

Popular UK personal finance web resource Credit Choices reports that the Virgin credit card with its 16 month 0% balance transfer period is now considered the favorite credit card in use in the United Kingdom. On the site at creditchoices.co.uk, one finds a complete comparison of the latest UK credit card offers. Further noted is that as the credit crisis eases, customers locked into adverse credit cards are among the first to transfer balances.

Credit Choices also reports that new government regulations forcing credit card companies to lock in interest rates have also created a much more competitive lending environment. These articles and hundreds of others related to personal finance are all available absolutely free at creditchoices.co.uk.