Debt bubble fears mount as almost half using car finance admit they don't know how much they've borrowed



Almost half of those who have taken out car finance deals - representing almost three million British drivers - don't know how much they've borrowed to fund their vehicles.
That's just one of a number of astonishing claims from two new surveys that have raised fears of a financial crisis sparked by debt.
Almost nine in 10 of people with existing finance arrangements admitted in the polls that they don't understand the small print in their contracts - including excess mileage fees that could send costs spiralling.
Athird are unaware that multiple applications for credit can adversely affect... read more

 
Tuesday, 07:52 in Business, Views: 37
Source: Daily Mail
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