Monday, December 21, 2009
Category:
Consolidation
According to research conducted for Pay Pal, 41 percent of city dwellers surveyed have been shopping online to a greater extent during the past 12 months – irrespective of the fact that shops are within easy access.
The reasons for this were found to include ‘quicker, more reliable delivery services’ for 16 percent, and ‘greater choice’ for 12 percent.
In terms of the geographic divide, the research revealed that British cities that have experienced considerable closures on the high street have seen the greatest switch to online shopping during the course of the past year. These cities were found to include Glasgow where 6 in 10 adults have increased their reliance on online shopping in the past 12 months, and Greater Manchester where half of adults have done so. In contrast to these statistics, the national city average is reported to be 4 in 10 adults. The research showed that shoppers in London, Cardiff and Bristol have also conducted an increased level of shopping online during the past year.
Managing Director of PayPal UK, Carl Scheible, commented: "High streets across Britain have been hit by the recession; and many local shops in large cities have closed down. Shoppers have, as a result, increasingly turned to the internet where retailers offer a wider range of goods often at a better price as they no longer have the same costs as high street stores.
"Almost half of adults living in busy city centres now shop online more than a year ago, a trend which looks set to continue, especially as we love the convenience of having our shopping brought to our door, rather than having to carry heavy bags through Christmas crowds."
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Homeowners who have built up their credit card balances due to online shopping or other expenditure, could consider taking out a secured loan to tie these debts up into one place. One of many finance options available, a secured loan for debt
consolidation could allow the borrower to reduce multiple monthly repayments down to just one. The new, monthly, secured loan repayment could even be lower than the sum of current outgoings. However, when taking out a debt consolidation loan, it must be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.
