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This article is for information only. It does not constitute advice. Chase Saunders Ltd does not provide services for savings, investments, mortgages or insurance. You should seek advice on these areas from a qualified financial advisor.

Lending up despite credit crunch

Article Category: Debt Consolidation Help and Advice

Lending to individuals increased by £9.8 billion in February, the latest figures show.

The Bank of England said this rise was higher than that see in January and the average six-month growth rate.

Mortgages and remortgages were down as the housing market continued to slow, but loans for other purposes were up.

The credit crunch has served to make borrowing more expensive, but it would appear that Brits are continuing to look for new loans.

It is likely that much of the activity has been an attempt to find cheaper rates, as household bills rise.

No doubt many people will have been taking out debt consolidation loans as a means of combating growing financial difficulties.


For more information about debt consolidation call our advisors on 08000 122 118 for FREE, no obligation help and advice.


Created on 13/06/2008 10:16:18
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