The Caithness Business Index has posted the following article:

Cost To Borrow Rises Across Credit Cards And Loans

Moneyfacts UK Unsecured Lending Trends Treasury Report data, which studies the UK personal finance market (Credit Cards, Personal Loans and Overdrafts), reveals the cost to borrow on credit cards and unsecured loans has risen during Q3 2023. Between the start of June and the start of September 2023 (Q3 2023), the average purchase APR (which includes card fees) rose to an all-time high of 31.8% APR, according to our records, which go back to June 2006. [Read Full Article]