A report by uSwitch estimates that 4 million British women are in the grips of shopaholicism, resulting in unsecured debts of £13 billion. Shopaholics have an average personal shopping debt of £3,353 – nearly three times the national average of £1,147.
74% use a combination of credit cards, store cards, overdrafts and loans to feed their addiction and 41% will ignore their overdraft limit to purchase a ‘must have’ item.
With PayPal estimating that one in every £10 will be spent online by 2012, we have pulled together some tips for online shopping to ensure that if you are purchasing over the internet, you’re doing so safely and securely and getting the right price.
- Ensure you have anti-virus and anti-spyware software installed as well as a firewall
- Use an up to date web browser
- Compare the price of what you intend to buy using price comparison sites
- Shop with a reputable company (an easy way to do this is to type the name of the company and then the word ‘review’ into a search engine to read other customer experiences)
- Look for an address and a landline telephone number and a returns policy
- Ensure the web address of the page starts https:// before you enter any payment details
- Print out any receipts, order numbers and delivery dates as evidence of any transactions you make
For more information on secure online shopping visit consumerdirect.gov.uk
If you find yourself struggling with credit card debt or other repayments, contact us today. We may be able to help you.
Source: Credit Action – October edition