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Archive for August 2nd, 2005

Two steps forward, one step back - Interest rates

It’s easy to over-look the amount in monetary value you are paying in interest to your creditors each month. If you take for example a £15,000 loan at 7.7% - a fairly decent rate for an unsecured loan. In month one you will be paying £96.25 in interest in the first month! Now this does [...]

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