According to research by Santander Cards, more than 4.5 million Britons are planning to transfer over 3.2bn of debt between credit cards in the first three months of 2010, myintroducer.com reports. It is thought that people will be looking to move their balances `to take advantage of introductory balance transfer periods`. The number of Britons [...]

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Moody’s Investor Services reports that the rate of consumer credit card debt charged off by lenders rose from 10% in October to 10.6% in November. Moody’s expects charge-offs to increase during the winter months and to peak at 12 to 13 percent in mid 2010.  As credit card issuers deal with charge-offs, which are debts [...]

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