Jump to content
House Price Crash Forum
Sign in to follow this  
deano

Credit Action Organisation

Recommended Posts

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.

http://www.creditaction.org.uk/debtstats.htm

Share this post


Link to post
Share on other sites
I started this thread a few months ago to explain where our economy is heading.

http://www.housepricecrash.co.uk/forum/ind...c=28779&hl=

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%.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.