{"id":60192,"date":"2017-07-08T12:59:00","date_gmt":"2017-07-08T05:59:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/beware-the-devils-debt-that-tempting-store-card-offered-at-the-tills\/"},"modified":"2017-07-08T13:11:53","modified_gmt":"2017-07-08T06:11:53","slug":"beware-the-devils-debt-that-tempting-store-card-offered-at-the-tills","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beware-the-devils-debt-that-tempting-store-card-offered-at-the-tills\/","title":{"rendered":"Beware \u2018the devil\u2019s debt\u2019 \u2013 that tempting store card offered at the tills"},"content":{"rendered":"


\nWith 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 be used in one particular store \u2013 for example, Miss Selfridge, New Look or Topman \u2013 store cards have been identified as a growing problem. Online complaints service Resolver has\u00a0seen the number of complaints almost triple compared to last year. They frequently offer introductory offers to\u00a0new customers, such as 20% off a first purchase. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Beware \u2018the devil\u2019s debt\u2019 \u2013 that tempting store card offered at the tills<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With sky-high interest rates, they are a growing problem and the number of complaints about...<\/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-60192","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-fEQ","jetpack-related-posts":[{"id":66638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/growing-risk-of-debt-trap-if-interest-rates-stay-low-say-central-bankers\/","url_meta":{"origin":60192,"position":0},"title":"Growing risk of 'debt trap' if interest rates stay low, say central bankers","date":"September 17, 2017","format":false,"excerpt":"\r Near-zero rates have spurred borrowing and left consumers, businesses and governments at risk, says Basel institutionA new warning has been issued about the growing risk of a \u201cdebt trap\u201d if interest rates around the world stay near zero, which has encouraged borrowing by households, businesses and governments.The Bank for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-uk-debt-tide-is-rising-how-can-you-avoid-drowning\/","url_meta":{"origin":60192,"position":1},"title":"The UK debt tide is rising \u2013 how can you avoid drowning?","date":"August 14, 2017","format":false,"excerpt":"\r With total household borrowing now topping \u00a3200bn, we looks at options for those who find themselves in difficultiesCampaigners have long warned of the problem and it is now official: Britain has a growing debt problem at levels not seen since the global financial crisis almost a decade ago.Borrowing through\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70434,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/big-jump-in-uk-consumer-borrowing-fuels-likely-interest-rate\/","url_meta":{"origin":60192,"position":2},"title":"Big jump in UK consumer borrowing fuels likely interest rate","date":"October 30, 2017","format":false,"excerpt":"\r The 9.9% annual growth figure further adds to concerns of unmanageable debt among UK households as Bank of England meets to set borrowing rates Consumers maintained their borrowing habit in September, as a near-double-digit increase in lending to households left the Bank of England on track to raise interest\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":60192,"position":3},"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":58256,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-bubble-returns-millions-to-days-of-2008-crash\/","url_meta":{"origin":60192,"position":4},"title":"Debt bubble returns millions to days of 2008 crash","date":"June 18, 2017","format":false,"excerpt":"\r Advisers call for action as growing numbers struggle with their billsCharities and financial advisers are calling on the government to use the Queen\u2019s speech to address the \u201cbubble\u201d of unmanageable debt that households are rapidly accumulating.Unsecured consumer credit \u2013 including credit cards, car loans and payday loans \u2013 is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":158464,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fed-holds-interest-rates-steady-what-that-means-for-car-loans-credit-cards-mortgages-and-more\/","url_meta":{"origin":60192,"position":5},"title":"Fed holds interest rates steady: What that means for car loans, credit cards, mortgages and more","date":"July 31, 2025","format":false,"excerpt":"\r From credit cards, car loans, mortgages, savings and student debt,\u00a0here's how the Federal Reserve's interest-rate decision influences your wallet.\r \r Source : cnbc.com\r Read more...Fed holds interest rates steady: What that means for car loans, credit cards, mortgages and more","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60192"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=60192"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60192\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=60192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=60192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=60192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}