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Interest Rates Went Up Last Month

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This is no shortage of discussion about inflation and bad debt in the media. A hike in interest rates to reflect this increased risk however might precipitate the mother and father of economic crashes. So we see low head line rates of interest whilst stealth charges mount. (higher credit card charges, shorter interest rate holidays, people being shunted into more onerous repayment schemes, higher arrangement fees, high risk borrowers such such btl pushed towards more expensive niche lenders).

People are confused because debt is getting harder to manage with each passing month. A graph of true cost of borrowing would reveal where the problem lies.

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This is no shortage of discussion about inflation and bad debt in the media. A hike in interest rates to reflect this increased risk however might precipitate the mother and father of economic crashes. So we see low head line rates of interest whilst stealth charges mount. (higher credit card charges, shorter interest rate holidays, people being shunted into more onerous repayment schemes, higher arrangement fees, high risk borrowers such such btl pushed towards more expensive niche lenders).

People are confused because debt is getting harder to manage with each passing month. A graph of true cost of borrowing would reveal where the problem lies.

There's already a (pinned) thread on credit tightening. I guess that's what you're getting at.

http://www.housepricecrash.co.uk/forum/ind...showtopic=20288

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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