Sunday 10 February 2008

0 percent finance

"2008 will the year the chickens come home to roost. A lot of people have been living the life of Riley on credit. They have been able to borrow at 0 per cent finance, and been able to take out new cards at will. This is all going to have to stop. It is unsustainable."

Steve Treharne, a partner at KPMG specialising in insolvency

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