Consumers find it harder to get credit
Those in financial services sales jobs could find it more difficult to sell credit cards as a result of a spate of interest increases across the major brands, it has been suggested.
According to figures from Moneyfacts.co.uk there have been a total of 22 purchase rate increases and 15 cash rate increases on cards since January 2008.
Analyst at the advisory website, Michelle Slade, notes that an increased number of people are relying on their credit cards to pay off debt.
She said: "But these people are going to find themselves out of pocket as purchase and cash rates, along with charges, continue to increase.
"Credit card providers are tightening their criteria and anyone with a less than perfect credit history may struggle to get the most competitive deals."
In another blow to those in financial services sales jobs, Briton's are turning away from credit card purchases in favour of store cards, according to Rob Templeman, chief executive of Debenhams.
As a recruitment provider to many of the UK's major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA's and Mortgage Broking.
Filed: 02-06-2008
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