Ten years after Northern Rock – 3 reasons why the next big financial crash might be just around the corner?
There could be worrying times ahead as there are indications that we could be heading for another financial crisis with the personal debt bubble about to burst.
Research by BullionByPost has found concerning similarities between the financial crisis that caused the banking crash ten years ago and what appears to be happening in the consumer credit market. Here’s why:
1. Credit Cards: Zero percent balance transfers now exceed 40 months!
Virgin Money and MBNA are offering zero percent on balance transfers for more than forty months. Both banks are lending to many people who are maxed out on credit ...
