{"id":36212,"date":"2016-11-28T14:00:23","date_gmt":"2016-11-28T07:00:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shop-around-to-avoid-racking-up-a-catalogue-of-pricey-debt\/"},"modified":"2016-11-28T14:01:34","modified_gmt":"2016-11-28T07:01:34","slug":"shop-around-to-avoid-racking-up-a-catalogue-of-pricey-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shop-around-to-avoid-racking-up-a-catalogue-of-pricey-debt\/","title":{"rendered":"Shop around to avoid racking up a catalogue of pricey debt"},"content":{"rendered":"


\nInterest-free deals in traditional shopping directories and online can seem a good idea. But the costs can mountAlex spent \u00a3675 on a washing machine and a fridge-freezer from Littlewoods, opting to \u201cbuy now pay later\u201d. At the time his income was sufficient to make the repayments before the end of the interest-free period, but when he was suddenly made redundant he couldn\u2019t afford to repay the debt in time, and then an interest rate of 39% kicked in.\u201cSuddenly the payments went up from about \u00a3130 to \u00a3250 a month and I didn\u2019t have the cash,\u201d he says. \u201cBuy now pay later seemed the easy option, but looking back I should have just saved up the money for a couple of months. It was naivety on my part.\u201d Continue reading…
\n
\nSource : theguardian.com
\nRead more…Shop around to avoid racking up a catalogue of pricey debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Interest-free deals in traditional shopping directories and online can seem a good idea. But the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-36212","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9q4","jetpack-related-posts":[{"id":5944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-cost-of-buy-now-pay-later-how-catalogue-debt-adds-up\/","url_meta":{"origin":36212,"position":0},"title":"High cost of 'buy now, pay later': how catalogue debt adds up","date":"February 26, 2016","format":false,"excerpt":"\r Interest rates can be three times those of major credit cards once 0% period endsConsumers have been warned of the high cost of using \u201cbuy now, pay later\u201d deals offered by catalogues and online retailers, some of which charge almost three times as much interest as major credit cards.Debt\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58898,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-faces-echoes-of-the-2007-crunch-as-brits-are-back-to-their-bad-old-habits-racking-up-debt\/","url_meta":{"origin":36212,"position":1},"title":"Bank of England faces echoes of the 2007 crunch as Brits are back to their bad old habits\u00a0racking up debt\u00a0","date":"June 24, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Bank of England faces echoes of the 2007 crunch as Brits are back to their bad old habits\u00a0racking up debt\u00a0","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-the-next-big-mis-selling-scandal\/","url_meta":{"origin":36212,"position":2},"title":"Student loans: the next big mis-selling scandal?","date":"May 28, 2016","format":false,"excerpt":"\r A change to loan conditions, made after it\u2019s taken out? A mortgage company can\u2019t legally do that to borrowers, but it seems the government canMany graduates have been shocked this week to see just how their debt is escalating, with interest charged at up to 3.9%. That\u2019s more than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urged-to-extend-cap-on-payday-loan-fees-to-other-forms-of-credit\/","url_meta":{"origin":36212,"position":3},"title":"FCA urged to extend cap on payday loan fees to other forms of credit","date":"May 27, 2018","format":false,"excerpt":"\r Debt charities and MPs want action when City watchdog\u2019s 18-month review is publishedThe City watchdog is facing mounting pressure to extend its cap on payday lending fees and interest to a broader range of high-cost financial products before a major review of lending practices this week. Debt charities and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1779,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spend-spend-spend-its-what-the-chancellor-is-praying-for\/","url_meta":{"origin":36212,"position":4},"title":"Spend, spend, spend \u2013 it\u2019s what the chancellor is praying for","date":"January 17, 2016","format":false,"excerpt":"\r Personal debt and the booming property market have become the main drivers of growth in Osborne\u2019s economyGeorge Osborne has already put in place legislation to prevent future governments racking up more debt, but consumer borrowing? Well, that\u2019s another matter. Consumers who spend all their wages and then a bit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-a-financial-cliff-edge-how-britain-fell-back-in-love-with-credit-cards\/","url_meta":{"origin":36212,"position":5},"title":"'It's a financial cliff edge': how Britain fell back in love with credit cards","date":"January 11, 2017","format":false,"excerpt":"\r Consumers are partying like it\u2019s 2007 when it comes to credit. So how did we get to back to living on the never-never? \u2022 \u2018Debt is like fire\u2019: Marin Lewis\u2019s tips for managing your cardsFor more than half a million Britons, January provides the mother of financial hangovers. 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