Remember when we bailed the banks out last year, giving them hundreds of billions? Well don’t worry because we won’t have to do it any time soon, they’re all making record profits now by screwing you and me with the highest personal loan interest rates since 2001.

The Bank of England base rate is still at 0.5% yet the average loan rate is almost 25 times that at 12.4% meaning that our cash is being loaned back to us at criminally unfair rates. Back at the beginning of the decade in in 2001 the average loan rate was 12.5% which gave banks a 6.5% profit margin but with the current low base rate banks are making average profit margins of 11.9%. They mess the country up then bleed it dry, I’m not sure how this is legal but then; what does that matter to those boys.

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1. Credit Card Charges Gather Interest
2. Mis-sold PPI, Mis-sold Endowments, Unfair Bank Charges – What A Decade
3. Bank Charges And Bail Outs
4. From Unfair Bank Charges to Mis-sold PPI, Now The Employees Will Pay
5. Despite The Mis-sold PPI Shame, The Industry Is Picking Up