Motley Fool: Cheap Credit, But Not For Much Longer

October 31st, 2006 | POSTED BY ROB

I’m loathe to call personal loans cheap. Primark is cheap. Lidl is cheap. Budgies cheap. But loans cost real money. Still, when it comes to borrowing these days, the best personal loans and credit cards are about as cheap as they can get. The problem is that this can’t last.

One day, interest rates will rise and it appears that this day may not be far off. The Bank of England has been very ‘hawkish’ about interest rates; they’ve been trying to set everyone’s expectations for a probable rise this month….

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Categories: Aggregator, Banks, Credit, Credit Cards, Interest Rates, Loans