The $915B bomb in consumers' wallets
Story date: 2007-10-30 10:19:00
Added on: 2007-10-30 11:00:23
CNN Money - ... the times that, according to one survey last month, 6% of British homeowners have been using their credit cards to pay their mortgages. That's suicidal, of course, given that credit card interest rates are more than double even the heftiest mortgage ...
Read more...
Related Stories:
-
Credit crunch: British house values fall £7,000 since October (Times Online)
Almost £7,000 has been wiped off the value of the average British home since October, after house prices dropped for a fifth...
2008-03-29 01:51:45 -
Loans go bad as British housing bubble pops
Los Angeles Times - The Financial Services Authority, which regulates banking in Britain, warned last month that 1.4 million mortgage holders will...
2008-02-18 11:49:00 -
British home prices keep sliding (Toronto Star)
LONDON – Home prices in the United Kingdom fell for the second straight month in December, a further sign that higher interest...
2007-12-28 05:50:51 -
Homeowners face 15% rise in cost of energy as British Gas bills soar (Times Online)
Millions of people face soaring energy bills after British Gas increased its gas and electricity prices by 15 per cent yesterday. The...
2008-01-18 12:46:12 -
British Pound Falls to 9 Month Low as Chance for Rate Cut Exceeds 60% (AME Info)
- Could US Interest Rates be at 2.50% by Year End? - British Pound Falls to 9 Month Low as Chance for...
2008-01-09 03:23:34 -
The impact of the credit crunch on British workers
World Socialist Web Site - Signs that the collapse of cheap credit is beginning to affect mortgage repayments is contained in a...
2008-02-17 08:52:00 -
Interest Rate Decision: The Wait Is Over
Ananova - Homeowners can breath a sigh of relief as the interest rate has been kept on hold for another month at...
2007-10-04 07:51:00 -
Bank survey says U.K. home prices declined for second straight month
Canada East - LONDON - Home prices in the United Kingdom fell for the second straight month in December, a further sign...
2007-12-28 06:00:00