08-07-2017 07:59 via theguardian.com

Beware ‘the devil’s debt’ – that tempting store card offered at the tills

With sky-high interest rates, they are a growing problem and the number of complaints about them has tripledAs charities, consumer groups and the Bank of England worry about the threat of a growing bubble of unmanageable consumer debt, the tills at high street shops have been pinpointed as one source of the growing problem. It is here where store cards are sold to consumers, with their sky-high interest rates which can typically come in at between 25%-30%.Essentially credit cards which can only
Read more »