Cost-of-living crisis prompts ‘buy now, pay later’ warning from UK’s FCA

Individuals liable for deluding ‘purchase presently, pay later’ adverts could have to carry out two years in jail, Britain’s monetary guard dog cautioned on Friday as it told firms offering the credits to quit empowering “drive purchasing” and illuminate late reimbursement expenses. As Britain’s cost for many everyday items emergency declines, the Financial Conduct Authority […]

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Why do interest rates matter to me?

If interest rates rise, borrowing could become more expensive for you. Whether you are looking to get a mortgage to buy a house, or a new car on credit, it’s crucial to think about what higher costs mean for you. What is Bank Rate? Bank rate is the rate charged by the central bank for lending […]

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