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Rates had been slashed to the bone this time final 12 months amid fears that the banking crisis of autumn 2008 had taken Britain to the sting of a precipice. This may cause customers’ interest charges to soar. Now, the woman’s hours have been minimize at work, she is in arrears on her council tax and is having hassle paying even the extortionate curiosity funds on her loans, never mind paying off the loans themselves. It’s all the identical to them, although self-evidently the longer it takes individuals to pay the money back, the more the corporations make in interest.

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