top non profits to work for After August 1987, for example, as the dollar fell, people rushed to buy sterling, the high-yielding currency, which rose from $1.65 to $1.90 in a very short time, up almost 20%. In order to limit the rise in the pound, the UK cut interest rates for several consecutive times between may and June 1988, falling from 10% to 7.5%, with the pound falling every time it cut interest rates. But the pound began to pick up again after the bank of England was forced to raise interest rates several times as the pound weakened too quickly and inflationary pressures increased. The important thing to keep in mind when being sued by charge card company or junk debt buyers is that if they don't have proof that would otherwise prove how the debt is yours, they do not have a very case. For junk debt buyers, you're in luck since these agencies would not have the essential documents that would prove you have the debt, being a signed contract between you and the original creditor, because these documents aren't released with the original creditor.