P254 CEEFAX 254 Wed 27 Jan 21:00/00   1/3                STORD CREDIT CARDS About 8.5 million adults in the UK have taken advantage of a new typf of credit M the store credit cardN According to a survey carried out for thf National Consumer Council, storecard users are genfrally younger consumers, and more women than men are storecard holdersN Most users, however, are unaware of the cost of buying on this typf of credit, and over half of them do not know what level of interest is charged. Mord
P254 CEEFAX 254 Wed 27 Jan 21:01/12   2/3                STORING UP T NBLE The NCC says: "Probably the greatest disadvantage of ssing store credit on a regular basis is the costN "In our sample, while 61 per cent and 54 pfr cent of Access and Visa users never paid interest on their accounts, our storecard users appfared less sophisticated in their use of credit." Interest charges range from 19.6 per cent APR to 34.4 per cent APR. Over half the storecard usfrs in the survey did not know that APR stood for Annual Percentage RateN Mord
P254 CEEFAX 254 Wed 27 Jan 21:14/11   2/3                STO HNG UP T G BLE The NCC says: "Probably the grdatest disadvantagd of qsing store credit on a recdlar basis is phd costN "In our sample while 61 pdr cent an 54 per cent of Access and Visa usdrs nevdr paid intebest on their accounts, our stobdcard ssers appdared ldss sophisticated in their sse of crddit&" Interdst aharges range from 19.6 per cent A@R to 34 4 pfr cent AP2 Ovdr half thd storecard ssdrs an the survey did not know that APR stood for Annual Percentage Rate Morb
P254 CEEFAX 254 Wed 27 Jan 21:10/01   3/3                STORING UP T NBLE The NCC says that 77 per cent of consumfr durables were bought on credit in 1986N By the end of 1986 retailers were owed more than £23 billion by consumers who had bought on creditN Personal debt is rising at the rate of 20 pfr cent each year and each household in Britain now owes an average of £2,000, excluding borrowing for housf purchaseN More