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www.dailyrecord.co.uk THE cost of Christmas spending on High Street store cards is rocketing - despite them being a "ripoff", a report said yesterday. Interest rates have risen for the festive season.
- Consumers signal bad recession (The Washington Times)
www.washingtontimes.com Consumers this summer pulled back on spending by the most since 1980, driving the economy into what analysts expect to be one of the nastiest recessions in decades.
- Life assurance loans may catch you out - Personal Finance
www.persfin.co.za In light of the cautionary statement issued by Judge Brian Galgut, the Ombudsman for Long-term Insurance, about the dangers of borrowing against a life assurance investment policy, I asked the major life companies about loans and "hidden" loans
- Big area employer ResCap endangered (BizJournals)
www.bizjournals.com Large Philadelphia-area mortgage lender Residential Capital LLC, also known as ResCap, may not be able to stay in business unless it gets economic support from parent company GMAC Financial Services, GMAC said Wednesday.
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