Since the financial crisis, we’ve all lived in an era of corporate cost control and pay restraints. A major consequence of this is the rise in indebtedness amongst the UK’s thirty million employees. People are now borrowing with a frequency not seen for over 15 years. Whilst it’s important for people to take responsibility for their personal finances a large part of the indebtedness crisis has been caused by the excessive rates of interest charged by some lenders.
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