Like the previous 10-year high wasn’t enough, the Bank of England has again raised interest rates, now to a new 15-year high. On August 3rd the base rate was raised by a quarter percentage point putting the country at 5.25%,
Sometimes trying to manage your debts can feel like a vicious cycle of borrowing to pay. When you’re struggling to repay debts it may seem like taking out further credit is the only option, but we’re here to tell you there are options out there to get ahead of your debts without taking on any more.
You may have seen mortgage and interest rates being mentioned in the news more than usual recently. And with rates on the rise, you’d be forgiven for thinking ‘what is happening?’, and ‘why are they rising at such a fast rate?!’