Friday 24 March 2017

We don't need a credit splurge - just normal economic activity

The European Central Bank recognises that for years, families avoided borrowing because household budgets have been so stretched
The European Central Bank recognises that for years, families avoided borrowing because household budgets have been so stretched
Charlie Weston

Charlie Weston

Want a loan to renovate the kitchen, or replace the clapped-out washing machine?

Unless your credit record is shot - and many are in that situation after years of relentless financial assault and battery - then you should get one all right.

The problem is that you will pay through the nose for it, despite living in an era of 0pc central bank lending rates.

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