Thursday, March 16, 2006 

ThisisMoney: Lenders under debt pressure BANKS and credit card companies are being forced to write off increasing levels of bad debt because of their over-zealous lending policies.According to market analysts Datamonitor, the UK's debt mountain has increased by 20% since July 2004 to stand at £1.2 trillion - £1,200bn. Its report said that lenders are beginning to feel the strain of the high levels of debt consumers have taken on.
posted by Johnny  @ 8:26 AM 0 comments


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