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/ 28 April 2009

The year to clear debt

0High interest rates and soaring petrol costs made 2008 a particularly difficult year. Many people found themselves with more debt than they could afford. But 2009 will give people a chance to reduce debt because interest rates are expected to be cut further. The prime interest rate has already fallen from 15.5% to 14% and is expected go as low as 11% by year-end.