Home Owners in Debt Binge ; Families Run Up Credit Card Bills As Lenders Cut Back On Mortgage Deals
Evening Standard - London › April 02, 2008
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Summary
HOMEOWNERS have gone on a borrowing binge as cheap re-mortgaging deals dry up.
Credit card debt went up by [pounds]350 million and bank loans and overdrafts soared by [pounds]2 billion in February.See the full content of this document
Extract
Home Owners in Debt Binge ; Families Run Up Credit Card Bills As Lenders Cut Back On Mortgage Deals
It was the highest monthly increase since records began in 1987, according to today's Bank of England figures.
City economists said the "bizarre" jump in consumer borrowing was...See the full content of this document
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