Figures from the Bank of England today have revealed credit card write-offs continue to rise. During the first three months of 2010, write-offs rose to £1.25 billion – the second highest quarterly amount on record. The situation has deteriorated in the recession as thousands of people have been unable to afford their repayments, due to unemployment and [...]
I feel it will get worse. more and more people lost jobs, and could not find a new one. as holiday season comes, hopefully, people will get temp jobs. The situation may get better.
Credit card write-offs continue to rise
