Tuesday, Dec 30, 2008
Debt awareness kicks in at last
Daily Mail: Borrowers in rush to cut card debts as job security disappears
The next two weeks will be the busiest time of the year for applications for new credit cards, with cash-strapped borrowers keen to shift debts so they can start 2009 on a strong financial footing. A mixture of Christmas overspending, stubbornly high mortgage costs as a result of the credit crunch and the growing number of redundancies are putting households under increasing strain. Half of all workers say job security will be their biggest concern in 2009.
Posted by drewster @ 01:09 PM (397 views) Add Comment
2 Comments
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1. drewster said...
Similar story from the US about credit card limits being cut and rates raised (despite 0% official rates!):
2. enuii said...
Does anyone other than a select band of government employees really have job security anyway?
Job security is quite often an illusionary comfort blanket peddled by private sector management when times are good to keep their wages bill down that is snatched back as soon as the need arises.
Been there and wore the T-shirt twice and will hopefully never be suckered again.