Black Friday falls on November 23, 2012 this year. If previous trends hold, shoppers are likely to chase that pumpkin pie down with several extra cups of coffee and pile into the family car to camp out in front of big box stores across America. As shoppers jump into action for door buster sales, there will be various means of financing holiday gifts.
Unbanked individuals are likely to be using a diverse means of alternative credit
and payment delivery. With the current financial crisis, many shoppers have been moving away from big retailers and looking to alternate sellers. Pawn shops can offer customers unique gifts including antiques, electronics and one-of-a-kind gifts, often at reduced cost. Pawn shops can also provide consumer short term cash loans against items, and brokers can buy items outright, which can raise short term capital for holiday shoppers. The lending industry can also benefit from shoppers looking to budget their holiday shopping in terms of firms that offer prepaid secure credit cards. This type of client may be lacking perfect consumer credit
data and hoping to stick to a budget while rehabilitating former bad credit. Attracting these unbanked individuals during the holiday season is important to the lending sector.