Friday, 9 January 2009

Will the interest rate cut really help?

The rate cut doesn't seem to help on bank loan rates, overdraft facilities, credit card debt, savings and pensions, fuel prices, food... all the areas that people trying desperately hard not be reliant on the state are being hit by the 'credit crunch'.

The only area it seems to help is people who have bought/switched to a tracker mortgage in the last few years.

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