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Credit Action Organisation

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The figures from credit action are out. Debt including mortgages and loans secured and unsecured has increased to a yr on yr of 11%. The rate of total debt aquisition has increased not decreased as some would have you believe. Depends on where you look for it. No wonder the amount of money in the economy has increased, its all debt generated.


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I started this thread a few months ago to explain where our economy is heading.


Guess what, since then the cost of debt has increased and the rate of debt expansion has increased.

It's a foregone conclusion.

When you did that you based rates on 5%, in June the average APR on all debt was 6.91%.

I've emailed Credit Action asking for the average mortgage APR, so we can revisit that when I get the latest figures.

Also, if you look closely you will see the average credit card APR has gone from 15.5% in june to 15.72%.

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  • 301 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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