New 'Debt Boom' Fears as Banks Offer 'More Generous Credit Card Deals'

Despite warnings of a potential double dip recession, banks are presenting struggling customers with offers of cheaper debt than they made available before the 2007 economic crash.

Experts warned that Britain could face a new “credit card boom” leaving families heavily in debt as they borrow to make ends meet and struggle to pay off the money.

It comes amid concerns of future job losses, particulary as the Coalition government’s spending cuts are due to take effect.'

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