Credit card debt soars
Updated on 09 November 2009
Bad credit card debts have reached their highest level ever, a leading accountancy firm warns.
PriceWaterhouseCoopers says the future of credit cards is now "under threat as never before". Average borrowing per card has surpassed £1,000 for the first time. Only one third of people are confident they can make the repayments on all the credit they have and credit card fees will "become the norm".
