Tuesday, July 18, 2006
Category:
Consolidation
Customers who use cash machines in convenience stores may find themselves in a position where they have to consider debt consolidation.
Research by HIM's Convenience Store Tracking Programme on behalf of Link discovered that customers who withdraw money in-store spend on average 65 per cent more than those who come with ready payment.
With such a high proportion of shoppers overspending on routine trips, many might find themselves in situations where they may need to review their finances and monthly expenditure.
The research showed that an average convenience store customer would spend £5.64 per visit while customers who use an in-store cash machine spend £8.99.
Graham Mott, Link spokesperson, said: "The research confirms our long held belief that cash machines in convenience stores have a positive impact on day to day business levels. Increased revenue and improved customer numbers make a compelling argument for retailers to consider installing a cash machine."
And with free cash machines dispensing 15-20 times as much money as fee-charging cash machines, many consumers are catching onto the benefits of free cash machines.
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For those people who do overspend, a
homeowner loan could be one of a number of options to get their finances under control. It is important to remember that repaying your borrowing over a longer term will increase overall interest charges.
