MERRY XMAS?

"Major high-street retailers are targeting poor families with bad credit records to prop up their Christmas sales during the credit crisis. Dozens of high street stores are taking part in a doorstep lending scheme which charges poor families extreme rates of interest. Woolworths, Comet, B&Q and Mothercare and 92 other retailers have been accepting vouchers that are repaid by borrowers at an annual percentage rate of 222 per cent – more than 10 times the rate of a credit card." (Independent, 28 October) RD