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Convenient Online Shopping Poses A Serious Debt Risk – Business Day Live

Convenient Online Shopping Poses a Serious Debt Risk – Business Day Live

Convenient Online Shopping Poses a Serious Debt Risk

Did you know that convenient online shopping poses a serious debt risk?

In this Business Day Live article Wikus Olivier, debt counsellor at DebtSafe, warns against the potential downside of online shopping. Online shopping contributes 1.9% toward South Africa’s economy. According to the Boston Consulting Group this number will reach 2.5% by 2016.

Although this creates the opportunity to easily buy products from the comfort of your own home it also has a negative side. Online shopping has the potential to get consumers into credit card debt with the click of a button. With our society living their lives more and more in cyberspace it’s important to remember that convenient online shopping poses a serious debt risk.