/24-7PressRelease/ - LONDON, UK, June 08, 2007 - Despite being one of the most expensive ways of shopping, store cards continue to enjoy the popular support from the shoppers.
Financial experts have appealed to the borrowers to consider a low rate personal loan as a realistic alternative to expensive store cards. Some 50 per cent of the shoppers opted for store cards because it presented them with a convenient form of shopping as compared to shopping around for a better credit deal.
Most experts opine that a cheaper option is available in the form of a personal loan.
Unsecured personal loans may not be as convenient as store cards but they can help you save a lot of money. It is well known that some store cards involve annual percentage rates (APRs) that are double the standard costs on credit cards.
Actually, instead of paying excessively on costly store cards or expensive dealer finance, one should look at how much they could save by moving to a low-rate personal loan.
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