Sunday, November 11, 2007

Credit crunch begins to hit home as rising numbers turned down for cards and mortgages (Sunday Herald)

are beginning to feel the squeeze of the global credit crunch as banks get tougher on borrowers. The number of applicants turned down for a credit card has jumped by 17% to an estimated 3.3 million in the past six months, according to figures released last week by MoneyExpert.

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[Source: Yahoo! News Search Results for mortgages]

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