PwC expects hike in bad credit card debts

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PwC expects hike in bad credit card debts

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11-09-2009, 08:57 PM

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PwC expects hike in bad credit card debts

A study called “Precious Plastic” by accountancy firm PricewaterhouseCoopers (PwC) has found that while there has been a “cooling passion” for credit cards, bad credit card debts could jump as much as 9% of all outstanding balances by the end of 2010.According to Richard Thompson, a partner at PwC, over the last year, “there has [...]

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