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.
Labour hits supporters with credit card charge of 18.9% – two-and-a-half times that of market's most competitive option | UPDATED: 02:04 GMT, 30 December 2012 Costly: Labour supporters will be paying through the nose in interest charges on their party's credit cards All three major political parties are profiting from credit cards that charge their supporters exorbitant rates of interest. Both Labour and the Lib Dems offer a card charging interest at nearly 38 times the Bank of England’s 0.5 per cent base rate – and more than two-and-a-half times that of the market’s most competitive card. The card, provided by the Co-operative Bank, charges a standard APR of 18.9 per cent – although richer supporters can have a premium card with a fixed rate of 11.9 per cent for five years.
The 100,000 degree: Middle class graduates face repaying more than three times the cost of feesEnormous debt compares with repayments of 42,000 for richest graduatesIncluding living costs, average student debt predicted to hit 53,000 | UPDATED: 07:33 GMT, 10 December 2012 When Universities Minister David Willetts trebled the cap on tuition fees, he said a graduate would earn an average of 100,000 more over a lifetime. That figure appeared to justify many universities charging students 9,000 a year for their education.