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November 3, 2007

PwC warns of troubled period for borrowers


PwC warns of troubled period for borrowers
Finance Director - Big Four firm forecasts a rise in insolvencies as credit card debt surges, despite recent figures showing a drop in bankruptcy figures PricewaterhouseCoopers has warned that the drop in personal insolvencies may precede a troubled period for
Source: www.financialdirector.co.uk

Bad tastes all a part of coming of age
Daily Cardinal - Ideally, a rite of passage should prepare you for the challenges of adulthood but be less mercenary than taking a desk job or experiencing credit card debt. People are free to tailor their rituals to regional tastes but for anyone who isn t usually
Source: www.dailycardinal.com

Growth in lending slows to 2004 level
Irish Times - Mortgage credit growth is likely to be about 13 per cent for the year, with total private sector growth at 16 per cent, Dr O'Toole predicted. Central Bank statistics show outstanding credit card debt increased by 55 million in September. 2007
Source: www.ireland.com

Late bills, low credit
Minnesota Daily - In the same year, USA Today reported that the average undergraduate student credit card debt was $2,169. Credit card companies often target college students and college campuses because they know students don't often have extensive financial knowledge
Source: www.mndaily.com

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