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Old 06-26-2010, 07:43 AM
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Post Credit card write-offs continue to rise

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 [...]

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Old 07-23-2010, 06:00 AM
Eric80 Eric80 is offline
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Default Re: Credit card write-offs continue to rise

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.
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