MSE News: Small loan rates at 11-year peak

Former_MSE_Helen

This is the discussion thread for the following MSE News Story:

"Moneyfacts blames the hike on the increased risk of people defaulting on loans, as household finances remain stretched ..."

Read the full story:
Small loan rates at 11-year peak

Apples2

For every action, there is an equal and opposite reaction.

There were bound to be consequences for all those borrowers frantically closing bank accounts, opening new accounts to prevent the lenders getting their money back... this is it.

All the innocents will be further punished once the banks start recouping all the PPI reclaims.