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Latest Debt Free Search News Economic pressures throttle sales of new cars (Independent Online)Sales of new vehicles have slumped sharply as the cumulative effect of rate hikes, inflation and high personal debt rein in consumer spending. Credit crunch pushes fraud to record levels (Accountancy Age)'The combination of spiralling personal debt and desperate employees spells real danger for business. Tacking inflation (FT.com via Yahoo! News) The newest anomaly in financial markets tops all others arising in recent months. Inflation fears are now reflected in expectations that US monetary policy will and should become more restrictive before the year is out. The ECB is about to go down this route and the Bank of England may also want to do so. South Africa: Slowdown in Car Sales as Rates Pinch (AllAfrica.com)SALES of new vehicles in SA declined for the 15th successive month on an annual basis, decreasing 21,9% year on year to 39062 units last month. Consumers hit hard, bankers group says (The News Journal)In the latest indication of pressure on consumers, late payments on home-equity lines of credit rose to an 11-year high in the first quarter of 2008, according to the American Bankers Association.
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