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Well, it's important to realise that there are two types of loan. The consequences for the rest of us, and particularly for those in the poorest countries, are frightening. So mortgages and car finance should be repaid before credit cards and personal loans. But this is a subject that has to be dealt with very sensitively. The bank's monetary policy committee, explaining its decision to raise interest rates, said it feared that inflation, currently at 2.
Extraordinary optimism sustained an orgy of speculation. If you don't have access to the internet, simplyswitch can also help you change providers over the phone on 0800 011 1062. Equity release is a growing business, with recent figures from the bank of england showing that £11. 8m. E- mail this story to a friend.
Ileen Morison
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