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Consumers build mountain of debt - rapid growth in high personal debt in the UK - Brief Article
ONE in five households in the UK have credit card debts of more than 2,000 [pounds sterling]. Calling the growth in debt "unsustainable", the Financial ......(Continue Reading) Whatever their losses on junk bonds and the like, banks can still rely on credit cards to pull in mouth-watering profits. And our inertia and ignorance
You had to groan a little over reports that Marks & Spencer is planning to launch a big new product idea this spring. According to the Mail on Sunday, ......(Continue Reading)Paying for good credit: you may be getting charged for not carrying a balance - includes a list of five low-interest credit cards - Consumer Alert
Credit card accounts for people who pay off balances monthly do not generate interest as do other accounts. Some companies consider people whose accounts ......(Continue Reading)Record 20bn [pounds sterling] on the plastic for Xmas - News - in the UK - Brief Article
SPENDING on credit and debit cards is likely to reach a record 20 billion [pounds sterling] this Christmas. According to the Credit Card Research Group (CCRG), this represents a spending rate of...(Continue Reading)Coming soon: the new poor: you have heard of the third-world debt crisis: now for the one in the first world. Ordinary people, up to their necks in debt,
British and American consumers are obedient and compliant. When the central bank chiefs of America and Britain, Alan Greenspan and Eddie George, sidled ......(Continue Reading)
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