Record numbers of people will become insolvent over the next two years accountancy firm KPMG announced this week.
They claim that at least 130,000 people will become bankrupt or take out an individual voluntary arrangement during 2008.
An IVA is a legally bound agreement that ensures creditors will not take insolvency action against whilst a debtor pays [...]
Almost five million people have been granted credit cards in the past year without having to prove their income, according to research published on Wednesday.
Some 84 percent of successful credit card applicants — 4.8 million people — were not asked to provide any proof of income, such as payslips, to support the figures stated in [...]
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