High debt prompts credit card warning
KEEP an eye on your credit cards this Christmas, in more ways than one.
Spending on cards will rise by close to 25 per cent in the Christmas period to top the $17 billion mark for the first time, according to research house Cannex.
The sheer scale of useage could generate headaches on repayments and increase the risk of theft or fraud simply from greater exposure.
Cannex said the country's 13.1 million plus credit cards will swipe about $1,300 each.
Spending on cards will rise by close to 25 per cent in the Christmas period to top the $17 billion mark for the first time, according to research house Cannex.
The sheer scale of useage could generate headaches on repayments and increase the risk of theft or fraud simply from greater exposure.
Cannex said the country's 13.1 million plus credit cards will swipe about $1,300 each.
Read more at: High debt prompts credit card warning
posted by e-borneo.com @ 7:01 PM
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