It has been revealed by a leading financial group, that many consumer accounts have been closed down, due to non-payment.

A study showed that 1 in 5 of the accounts within the UK were closed by the provider because consumer’s were unable to keep up with their credit card debts.

The North East and East Anglia were the best at keeping up-to-date with payments, with just 8% of accounts closed by the provider because of non-payment of credit card debts.

However, residents of Yorkshire were found to be the `most likely to struggle` when it comes to repaying their credit card debts, with 35% of accounts closed by the provider because the user hadn`t kept up with payments.

Joanne Garcia, head of credit cards at the firm, said: "Credit card users in all regions need to understand how damaging it can be to miss repayments.

"While it may not seem like a big deal to miss a few payments here and there, credit providers - which include mortgage lenders - leave no stone unturned when it comes to checking a person`s credit worthiness. If they see a history of non-payments it makes it much more difficult to borrow money."