Overspending turns people off sales
(20 January 2006)

New research has found that shoppers have been turning away from the January sales with debts and overspending at Christmas being cited as the reasons behind the lack of bargain hunting.

According to retail analyst Footfall, there was a five per cent decrease in the number of shoppers on the high street last week, compared with last year.

Some believe high levels of credit card debt are discouraging people from shopping, as the number of people seeking advice on debt soars.

With a payday loan you can avoid being stuck with a credit card bill that won't go away after shopping. It helps you make sure debts do not rise out of control as the loan is quickly repaid once the next payday arrives.

This simple way of paying back your cash means you can keep a track of what you owe and know it will be gone by payday.

Predictions for the future is that the number of shoppers heading down the high street will gradually rise in the coming months.

Geoff Dicks of the Royal Bank of Scotland explained how the fall in bargain hunters could be because people overspent in the run up to Christmas.

He said: "It may well be that the pick-up in spending seen over Christmas has the effect of displacing expenditure in the early part of 2006."



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