With the credit crunch upon us interest rates are soaring. Whilst it’s good news for savers, for borrowers it signals a time of greater hardship.
As interest rates rise, consumers with unsecured loans are the first to feel the pressure of higher repayments. Because unsecured loans are not supported by the borrowers’ assets the rates of interest are typically much higher than secured loans. Now is the ideal time for borrowers with unsecured loans to consol...
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