Retailers ‘luring’ shoppers into Christmas deals with eye-watering interest rates

Industry News | 16/11/19

Scrooge retailers have been accused of targeting hard-up shoppers with Christmas deals charging up to 119 per cent APR. Stores and online traders have festive loans and store cards with eye-watering interest rates. Critics accused retailers of luring shoppers into deals that could put them in debt for months or years to come – while TUC analysis shows the average UK family owes £15,385.

Source: The Mirror