Credit card debt averaged £1,373 per adult in the year to October JOHNNIE DAVISIt will take 26 years and seven months to pay off the average credit card debt if only the minimum payment is made every month, according to the Money Charity. Official figures show that credit card debt averaged £1,373 per adult in the year to October, and £2,604 per household. Main interest rate unchanged at 0.75%The Bank of England’s monetary policy committee last week voted to keep its base rate of interest unchanged at 0.75%. Capital Economics, a forecasting consultancy, predicted that the rate would not be changed next year but could rise to 1% by the end of 2021 if UK economic growth starts to pick up. Don’t be nice, You’ll just get scammedVictims of fraud are 10% “nicer” than those who have…

Source: The Times December 22, 2019 00:30 UTC