UK interest rates seemed only to rise during 2007, with the best personal loan deals being around the 6.5%-7% mark by the end of the year.
However, things are looking up for 2008 - we're only a couple of weeks in and several loan rates have already been reduced by up to 3%. This, combined with January being typically difficult, financially speaking, makes it a good time to consider debt consolidation and take advantage of these low rates.
