Consumers D News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Are back. first data reports that purchases of credit cards rose 8.2 percent the first quarter but by the third quarter that figure rose to 10.6 percent and the momentum continued and the black friday with 11.2 percent pop and these are the first double digit increases in credit card purchases since before the recession, the first data that says it is due in court for banks canceling rewards on the debit cards and in part to middle and lower income consumers having to pay more for food and fuel. those consumers d not have the cash to pay the higher costs. so they put them on their credit cards. shepard: effect on sales? peter: well, it could mean that the entire holiday shipping season could be black, not just black friday, but bigger profits for retailers fewer shopping days in the red. and i was told today that credit ....

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