Personal Loans Rise To Highest Levels In 10 Years
Banks have increased interest rates on personal loans despite the Bank of England base rate being just 0.5%.
On average banks are charging 12.7% on a £5000 loan which is the highest it has been for over 10 years.
The increase also comes as banks try to recover from the £9bn they are set to lose in PPI claims.
Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;