DON'T BE SEDUCED BY THE STORE CARD RIP OFF

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	DON'T BE SEDUCED BY THE STORE CARD RIP OFF

ellington

1-21-2009 4:14 PM

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card, store, credit

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/40fa0ac3-fa0a-47fd-be07-7b4269ef26cb/90A5E5E1-950C-4DF3-9DF3-0A262562608A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm" href="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm" style="font-size: 11px;">www.money.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm"><H1>Don't be Seduced by the Store Card Rip Off</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm"><P><B>Can supermarket cashiers selling expensive credit cards be a good idea?  </B></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.money.co.uk/img/27862950-3B6C-4ABB-A6A8-0F8625959B2A" alt="Don't be Seduced by the Store Card Rip Off" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm"><P>Away from the hurly burly of the credit crunch and general global financial meltdown, news emerged this week of yet another store card rip off. Argos, together with sub-prime lender Provident Personal Credit, <A href="http://www.guardian.co.uk/money/2008/oct/27/debt-credit-cards" rel="nofollow" target="_blank">launched the Easy Shop Card</A>, complete with eye-watering interest rates.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm"><P>This card, even down to its name, is like some kind of sick parody of everything that is wrong - in fact the very dynamic that has brought the financial markets to their knees. Easy credit that encourages us to spend money we don’t have. The fact that the card is backed by a sub-prime lender gives the whole thing a kind of twisted symmetry that is hard to believe.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm">The Easy Shop Card is designed to make it easy for Argos customers to borrow between £100 and £500 and then blow it all in-store.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm">The thing is, the card charges interest of anywhere between 183.2% and 222.7% APR.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm">To put that in </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1001803-dont-be-seduced-by-the-store-card-rip-off.htm">context,</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/90A5E5E1-950C-4DF3-9DF3-0A262562608A/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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