People experiencing credit card debt in the UK may have been given a boost by the news that the base rate has been cut by a quarter of a per cent.
This means that many homeowners will have more money in their pockets at the end of each month as a result of lower monthly repayments on their mortgages.
The extra revenue could well be put towards paying off personal loans and debt wracked up on credit cards, and the advice from many analysts is to do just that.