rrently charge you anything up to 30% interest on that little card they offer you? (yes, even those ones with the pretty pictures.) That’s around double the interest of your standard credit card!

Sound scandalous?

Well, hang around... it gets a lot worse!

Here a

Like me, you’ve probably been offered a fair old number of these by now...

..and, if you’re like most people, chances are you maybe own at least one or two.

They always seem to put in an appearance at just the right (or wrong) moment...

It might be Saturday and you've just seen the clothing item of your dreams.

That can be a pain, though, if this month’s paycheck isn’t due for another week.

You're undecided.

Until, that is, you're offered...

..a store card.

One of the horrible ironies about store cards is that the vast majority of people who sign up for one actually had no intention of making a purchase before they left the house.

But if you’re caught in the above situation, the convenience factor frequently wins the day, doesn’t it? Add on top of this all the little goodies thrown in as a sweetener...

An introductory discount on goods – typically around the 10% mark – extra money off during sales periods etc...

But let me tell you what the sales assistant probably won’t...

For starters, did you know that many department stores will currently charge you anything up to 30% interest on that little card they offer you? (yes, even those ones with the pretty pictures.) That’s around double the interest of your standard credit card!

Sound scandalous?

Well, hang around... it gets a lot worse!

Here ar

you've just seen the clothing item of your dreams.

That can be a pain, though, if this month’s paycheck isn’t due for another week.

You're undecided.

Until, that is, you're offered...

..a store card.

One of the horrible ironies about store cards is that the vast majority of people who sign up for one actually had no intention of making a purchase before they left the house.

But if you’re caught in the above situation, the convenience factor frequently wins the day, doesn’t it? Add on top of this all the little goodies thrown in as a sweetener...

An introductory discount on goods – typically around the 10% mark – extra money off during sales periods etc...

But let me tell you what the sales assistant probably won’t...

For starters, did you know that many department stores will currently charge you anything up to 30% interest on that little card they offer you? (yes, even those ones with the pretty pictures.) That’s around double the interest of your standard credit card!

Sound scandalous?

Well, hang around... it gets a lot worse!

Here a

at the vast majority of people who sign up for one actually had no intention of making a purchase before they left the house.

But if you’re caught in the above situation, the convenience factor frequently wins the day, doesn’t it? Add on top of this all the little goodies thrown in as a sweetener...

An introductory discount on goods – typically around the 10% mark – extra money off during sales periods etc...

But let me tell you what the sales assistant probably won’t...

For starters, did you know that many department stores will currently charge you anything up to 30% interest on that little card they offer you? (yes, even those ones with the pretty pictures.) That’s around double the interest of your standard credit card!

Sound scandalous?

Well, hang around... it gets a lot worse!

Here a

rown in as a sweetener...

An introductory discount on goods – typically around the 10% mark – extra money off during sales periods etc...

But let me tell you what the sales assistant probably won’t...

For starters, did you know that many department stores will currently charge you anything up to 30% interest on that little card they offer you? (yes, even those ones with the pretty pictures.) That’s around double the interest of your standard credit card!

Sound scandalous?

Well, hang around... it gets a lot worse!

Here a

rrently charge you anything up to 30% interest on that little card they offer you? (yes, even those ones with the pretty pictures.) That’s around double the interest of your standard credit card!

Sound scandalous?

Well, hang around... it gets a lot worse!

Here are just a few of the pitfalls you should look out for the next time you’re offered a store card...

• Buy now, pay within the next three months. Sure...great deal if you do actually manage to pay it off within that time. If not, some stores will charge you interest from the first day you bought!

• Ask questions: In a recent study, it was found that in one third of cases, information on the interest rate on the card (among other things) was not freely available.

• Don’t be tempted to take out expensive and often useless insurance. This can be a monthly amount of 1.5%. With interest repayments of 30%, you could end up with an annual rate of 56%!

• Also, steer clear of any payment protection insurance scheme. If you were to lose your job or couldn’t work due to illness or accident, you’ll find that this ‘insurance’ generally only pays the minimum monthly payment, not the whole balance!

• Be on your guard. Staff will usually ask you to fill in the application form in store. In many cases the insurance box will already have been ticked and you will simply be aske