” Panorama has fresh revelations about the lending practices of the high street banks. An insider reveals an industry driven by ambitious targets to sell borrowing to customers.”
The Money Trap - How Banks Lure You Into Debt
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{ 3 comments… read them below or add one }
Richard Law 03.25.07 at 5:01 pm
And… I was reading that banks have taken to selling off their loans as bonds to others so that the bondholders take the drubbing if loan repayments are defaulted!
islandgrovepress 03.29.07 at 1:35 am
Ah hell.
I was just glad my bank brought my shoddy credit rating back…So what if I was sold a Mastercard? Mad Max on the way, but sure nice to spend to the limit.
Ivan
Abbra 10.21.08 at 2:30 pm
This is great info to know.