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Borrowers race for cash, personal debt soars

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  • Borrowers race for cash, personal debt soars

    Consumers are rushing to borrow what they can as the credit squeeze continues and cheap re-mortgaging deals disappear. As a result, credit card debt increased by £350 million and bank loans and overdrafts soared by £2 billion in February. According to figures from the Bank of England, this represents the highest monthly increase since [...]

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