23 March 2005
A new survey into consumer spending habits has revealed that almost one in two Britons are leaving themselves financially exposed by not considering sensible solutions such as personal loans.
The study, conducted by Alliance & Leicester, also found that Britons were not taking out necessary protection to cover their financial commitments in the event of ill health despite on average having monthly outgoings in excess of £1,400.
Experts have reacted to Alliance & Leicester's findings by advising consumers to conduct a more thorough audit of their accounts and to improve their knowledge of the consolidation and management tools available to them on the market.
A number of simple course of action can produce positive financial benefits for consumers such as switching utility supplier or paying off outstanding credit card and store card debts with a more competitive and easily managed loan.
"No-one knows what the future holds so it pays to be prepared," explained financial adviser Sarah Ennion.
Which is why comparing all secured and unsecured personal loans at uSwitch.com now can help you save money.