what credit cruch

  sunny staines 21:02 17 Mar 2008

my wife given a store card today with three grand limit even though she has no income, offered it at the till when paying for goods only accepted it to get a discount.

I thought all slack irresponsible credit was history.

  bluto1 21:31 17 Mar 2008

Yes, so did I.
But with banks holding trillions of loose cash they want folk to take up these offers, and if
anyone does, then buying on credit becomes so easy that they don't notice their balance rising until it's beyond their control and they are paying punitive interest rates. CE Bank is one of the culprits, and they charge about 29% AER. Sickening

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