Rock ends car loans

Rock ends car loans Northern Rock has stopped lending money for car purchases, but is doubling its debt management department over the next year. This is thought to be because of a likely rise in customers struggling to pay mortgages. Executive chairman Ron Sandler said Northern Rock hoped to repay its £26.9bn Bank of England loan by the end of 2010, £7bn of it by December.

Headlines | News Archive | July 2008 |  Rock ends car loans

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