Expert Says Credit Card Firms Can Only Lend So Much
Tuesday, May 6th, 2008
Commenting on recent research suggesting that 18,000 people are refused credit daily, a spokesperson for financial advice resource Fool has said that there are limits on the amount that banks can loan in a tightened economic environment.


Those looking to take out a loan or any other form of borrowing need to ensure they have a favourable credit rating, it has been claimed.
Those requiring a loan should still be able to access the form of borrowing, an industry expert has reported.
With the festive season approaching, consumers need to be wary of unscrupulous money lenders, an industry expert has reported.
Those living in Exeter could be managing their money more effectively, new figures have revealed.
Consumers need to adopt a more hands-on approach to managing their money, it has been suggested.
Schoolchildren in Wales are set to receive guidance on handling their finances from next year, it has been revealed.
An increasing number of older people are struggling with their finances, new figures reveal.
Those Britons who gone further into debt as a result of going on holiday could be set to face unmanageable financial difficulties, one industry expert has suggested.
Britons could be set to see pressure on their finances is increasing, according to the publication of new figures.
The "confidence crisis" surrounding the British pensions sector is deepening, it has emerged.
A poor credit history will not necessarily see borrowers face higher mortgage rates, one firm has claimed.
Borrowers could be advised to take out a bad credit loan as a new study reveals an increasing number of consumers are being refused credit cards.