The Irish Independent reports that huge numbers of people are now taking out new mortgages in a bid to pay off car loans, clear expensive credit card bills and get rid of credit union loans. A new survey by the Irish Mortgage Corporation found that the main reasons people gave for refinancing their homeloan was to pay off a car or personal loan, get rid of high-interest credit card balances or pay off a credit union loan. Mr Conway said consumers had the option of paying the mortgage off over 25 or 30 years, but paying off the car loan or credit card debt part of it over four years. Criminals may try to get your personal financial details by claiming to be your bank or credit card company. You get an email or letter that asks you to confirm your bank account details, PIN number or credit card number. The Financial Times reports that Nokia , the world’s largest mobile telephone manufacturer, is to take a giant step into the fast-growing mobile content and services market by acquiring Navteq , the leading provider of digital map information, for $8. read more

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