Re: UK CPI inflation rate rises to 5.2% in September
Yes, because if you have a small child and you walk into a shop and are offered £100 to spend there and then having to pay it back at £5 a month, most people will go ok. Then when you get your first bill you find out that each £5 you pay off costs you £3 in APR charges. My father who is 72 currently has £9000 of credit with a catalogue. Who in the right minds need £9000 of credit? Luckily he only uses about £100 at a time.
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