There’s some good news for people paying back debts. The base rate of interest has been held at the record low of 0.5 percent amid the political uncertainty. People struggling to meet monthly debt repayments should start asking questions about debt solutions. An Individual Voluntary Arrangement (IVA) is available to people with unsecured debts of over £15000, while Debt Relief Orders (DRO) can help those with smaller debts. The rate is predicted to stay low until the new Government sets out plans for the country’s public finances.
Interest rates stay at record low
May 11, 2010 By
