TITLE

Banks still struggling with bad debt

PUB. DATE
February 2007
SOURCE
Credit Control;2007, Vol. 28 Issue 2, p61
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article announces the release of TDX Debt Index for the first quarter of 2007 by debt management solution provider TDX Group company in Great Britain. The index revealed an increase of 4.7 percent, reflecting the deterioration in macroeconomic conditions and making it more hard for moneylenders to collect their outstanding receivables. Meanwhile, chief executive officer (CEO) Mark Onyett commented that several consumers are unaware of the impact of rising interest rates on their finances.
ACCESSION #
25139455

 

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