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Who sets the UK base rate of interest?
What is APR?
Are debt and interest the same cost?
Will I ever have to pay interest if I have no debts?
You have taken out a loan of £1000 at 5% APR. If you pay the 5% interest every month, how long will it be until the entire loan is paid off?
You have borrowed £1000 @ 5% APR, and you pay off 50% off the loan…….will you pay more or less in interest on the remaining debt?
If the UK base rate of interest is 5%, does that mean every loan I take on will be at 5% interest?
If I clear all the debt on my credit card, will I still have to pay interest?
Is it best to plan for debt that is sustainable, or just take on debt when you need to buy things you want?
If you have outstanding debts, will other banks still lend you more money?