Wednesday, August 22, 2007

The credit crunch and the UK debts blacklist

One in six soon to be on a debts blacklist

The global credit crunch will see a sharp rise in the number of Britons put on a debt blacklist and denied mortgages, loans and credit cards, experts claim. The seven million turned down by mainstream lenders in 2006 is predicted to soar to at least 8.6m by 2011 - around one in six of the adult population.

Posted by loneranger @ 04:29 PM (514 views)
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One thought on “The credit crunch and the UK debts blacklist

  • This is a very depressing article for the millions of people with heavy loan and credit card debts. Perhaps there is a case for a national publicity campaign about the dangers of debt and the reality of living within your means.

    Doh! Doh! (slapping forehead). Forget I said that; we cannot scare the people can we? must keep ‘economic growth’ going nomatter what the consequences. Just imagine it; if we learned to pay our way as a nation we would have to burst the housing bubble. Unthinkable for the VIs.

    No. Instead we will all keep borrowing more and more. And we will all live happily ever after.

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