Now That The Boe Rate Is 3%....

AMILLIONDOLLARS

Do you think CCC will reduce their interest rates too?


AMD

alfista

Dream on !

^!£$&

I was wondering the same thing for student loans lol

withabix

snowbrow wrote: »

I was wondering the same thing for student loans lol

The interest rate on student loans = inflation in the month they set it annaully isn't it?

Nothing to do with the base rate unless it's changed since I had one (in the first year they existed :rolleyes: )

nomoneytoday

AMILLIONDOLLARS wrote: »

Do you think CCC will reduce their interest rates too?

Nope. Next lol

anna42hmr

withabix wrote: »

The interest rate on student loans = inflation in the month they set it annaully isn't it?

Nothing to do with the base rate unless it's changed since I had one (in the first year they existed :rolleyes: )

you are right they are still inflation linked, not boe base rate linked

AMILLIONDOLLARS

nomoneytoday wrote: »

Nope. Next lol

I was only asking :rotfl: :rotfl: , anyway it will be a great time to use the extra money to make in roads into this kind of debt, that's if the lenders pass on the full benefits of this cut


AMD

Bismarck

AMILLIONDOLLARS wrote: »

if the lenders pass on the full benefits of this cut


AMD

and you're on which planet exactly?

can't you hear the firming of balance sheets as profit margins strengthen....?

I forecast a fall in the cost for heating in bank fat cat offices as they heat their rooms with the gleeful rubbing of hands.

Paulgonnabedebtfree

Bismarck wrote: »

and you're on which planet exactly?

can't you hear the firming of balance sheets as profit margins strengthen....?

I forecast a fall in the cost for heating in bank fat cat offices as they heat their rooms with the gleeful rubbing of hands.

They way things are going they'll probably go for open fires so they can burn banknotes on them
Joking aside, I do remember reading many years ago about a guy in the Lebanon who wallpapered his house with banknotes saying that it was cheaper than buying wallpaper. No idea if it was true but it wouldn't surprise me.