Personal loans drop to lowest level in 14 YEARS as cautious households clear debts

Brits have paid off half their personal loans since the financial crisis, with debts at their lowest since 1999 ” class=”blkBorder” /> Counting the pennies: Cautious consumers chose to pay off more than they borrowed in 2012 Cautious households are making considerable headway clearing their debts, with the amount owed on personal loans dropping to its lowest level in 14 years, according to a report.