Tuesday, Jan 15, 2008
More fuel for the fire
Guardian: Borrowers stung by soaring rates
Average interest rates on personal loans have jumped to nearly 15%, or close to double the headline rates used by banks to entice borrowers...
Posted by inbreda @ 12:24 PM (299 views) Add Comment
3 Comments
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1. drewster said...
I wonder if that higher rate also applies to those "consolidate all your outstanding debt" loans? Are those still advertised on daytime tv, or did the credit crunch kill them off too?
2. Welshie said...
Hmmm, so this would explain the letter I got today telling me that the interest rate on ISA had fallen as of 2nd Jan.
Banks disgust me.
3. inbreda said...
drewster - I've noticed that there are a lot less property porn programmes and a lot more "oh my god I'm in debt", "I'm in financial difficulty" and "having trouble selling your house" type programmes. I wonder if anyone can chart the number of pro Vs anti property programmes. Now you come to mention it I haven't seen carol Patronising vordermann on telly for a while either.