Wednesday, Nov 15, 2006

Britons have more unsecured borrowing, as a proportion of income, than any other country

The Times: Annual fee for paying with your plastic is on the cards

Banks are certain to introduce annual fees for credit cards to offset an estimated 1 billion fall in revenues as a result of regulatory clampdowns, an accounting firm forecast yesterday. Recouping 1 billion would take the equivalent of a 35-a-year card charge or a 2 percentage point rise in borrowing rates.

Posted by scumbag @ 03:41 PM (413 views)
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