3 May 2005
A new report has revealed that one in four people in the UK consider debt repayment to be a financial priority, prompting industry experts to once again recommend loans as an effective debt control solution.
More Than's new Consumer Barometer has discovered that 27 per cent of the population see debt as their chief financial issue.
Meanwhile, 32 per cent of residents admit to being tempted to put money away for the future as opposed to 12 per cent planning to spend big in the near future.
"People are clearly sensitive to the potential for their personal finances to take a bit of a knock over the coming months and it is encouraging that many are looking to reduce debt as a first response to this," said Graham Hollebon, head of personal finance at More Than.
Personal loans offer debt-conscious consumers a realistic and easily manageable solution.
Compare secured and unsecured loans at uSwitch.com and find the most suitable loan for you.
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