Credit card spending set to rise
Spending on credit cards is set to rise in the UK during the first three months of this year, new research undertaken by Morgan Stanley has discovered.
The total increase is forecasted to be 68 per cent above the corresponding period for last year which will equate to an average card spend of £1,228 for the first quarter of 2007.
It has also been found that repayment figures at present represent the highest amount since 1998. Reasons for the increase have been attributed to the ease in which cardholders can flash the plastic when paying for essentials such as groceries and petrol.
The total increase is forecasted to be 68 per cent above the corresponding period for last year which will equate to an average card spend of £1,228 for the first quarter of 2007.
It has also been found that repayment figures at present represent the highest amount since 1998. Reasons for the increase have been attributed to the ease in which cardholders can flash the plastic when paying for essentials such as groceries and petrol.
Read more at: Credit card spending set to rise
posted by e-borneo.com @ 8:06 PM
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