Start the year with Plenty for 2020
We all know how hard it can be to start the new year after spending on Christmas and celebrating the New Year but worry not, you are not the only one feeling the money blues.
The average interest rate on credit card lending bearing interest was 20.3% in November 2019. This is 19.55% above the Bank of England Base Rate of 0.75%.
UK Finance figures show that 53.0% of credit card balances were bearing interest in September 2019. In November 2019 the average APR for a £5,000 personal loan was 7.86% according to the Bank of England. For a £10,000 loan it was 3.64% while the average rate for an overdraft was 19.25%.
Source: The Money Charity
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See if Try Financial can make 2020 your year of plenty.