Summary
THE personal debt crisis has escalated to the point where six out of ten borrowers would default on loans and credit cards within three months of losing their job, a report warned yesterday.
More than 40 per cent have so little saved they would no longer be able to pay their mortgage, according to a survey by the Combined Insurance company.See the full content of this document
Extract
Without a Job, Thousands Face Ruin in Months
It comes on top of a warning from Citizens Advice Bureaux that personal debts of Pounds 100,000 are becoming increasingly common.
Dozens of borrowers with six-fi...See the full content of this document
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