Shoppers return to credit to pay for holidays

Thank you for using rssforward.com! This service has been made possible by all our customers. In order to provide a sustainable, best of the breed RSS to Email experience, we've chosen to keep this as a paid subscription service. If you are satisfied with your free trial, please sign-up today. Subscriptions without a plan would soon be removed. Thank you!

After several years of frugal festivities, consumers are once again turning to credit for their Christmas shopping.

Credit card purchases jumped more than 7 percent in November and surged again in early December, according to First Data, which tracks consumer payments. A survey by Consumer Reports found that shoppers planned to charge an average of $756 this holiday, up 6 percent from the previous year, though the number of people who plan to use credit has remained steady.

Read full article >>

Ylan Q. Mui 28 Dec, 2011
-
Source: http://feeds.washingtonpost.com/click.phdo?i=81dc36299e672838947aec6ba0ab20ca
--
Manage subscription | Powered by rssforward.com