Friday, September 3

Credit card debt is hitting banks

Extract . . .

Banks have written off a record amount of credit card debt despite charities reporting a fall in the proportion of calls from worried borrowers. Figures from the Bank of England show that the amount of money being written off by credit card lenders hit a high in the second quarter of 2010.

Link
http://www.bbc.co.uk/news/business-11153577

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