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The Independent UK
The Independent UK
Business
Vicky Shaw

Credit card and personal loan costs on the rise, website finds

Moneyfacts Rachel Springall
PA Archive

Credit card and personal loan costs for new borrowing have jumped in recent months, according to analysis by a financial information website.

Looking at the credit card market, the average purchase APR (annual percentage rate), including card fees, rose to the highest level on Moneyfacts’ records in September, at 31.8%.

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