Consumers’ impulse buys costs them
January 25, 2008 by admin
Filed under News, News-Credit-Cards
A love of impulse buying helped by credit cards and the internet is leaving Brits financially out of pocket, according to new research. 
Findings from swiftcover.com show that 91 per cent of respondents made a regrettable impulse purchase last year with a further 60 per cent admitting to spending in excess of £100 last year on spontaneous buying.
A fifth of consumers blamed credit cards for their impulse spending while a further 26 per cent said the convenience of online shopping made them susceptible to
Tina Shortle from swiftcover.com. said: “Whether it’s a pair of killer heels, or the latest ‘must-have’ gadget, it seems that we’re addicted to spending now, paying later.”
He added: “But that means that we’ve also dropped our guard when it comes to ’sensible’ habits like shopping around and as a result we are getting stung by shops’ returns policies.”
The survey showed that seven out of ten people admitted that they do not bother to read returns policies before buying.
Meanwhile, Which? has reported that shoppers are opting for cheaper supermarkets as Asda and Lidl entered the top ten of stores used by consumers in a recent survey.
