29 January 2008
Consumers should have a better understanding that they can save money by scouring the market for the best personal finances deal, such as for a loan or credit card, uSwitch has said.
According to the firm's Head of Home Services Tim Wolfenden, however, many consumers find it a "hassle" to shop around.
In addition, he suggested that this could be because of the customer's feeling of ease and convenience through sticking with a tried-and-trusted loan or card provider.
"It seems like [consumers] believe it's a hassle to switch," he commented.
Using the energy market as an example, he continued: "We see that around 45% of the UK never take advantage of switching their gas and electricity supplier.
"I think they're probably more savvy on the insurance and personal finance side of things - but overall, I think…probably not enough."
Mr Wolfenden also suggested that independent price comparison sites such as uSwitch were a good place to get the "comprehensive picture" of a marketplace that is required for seeking out the best deal.
Sometimes a personal loan is a good choice, perhaps you want to consolidate your credit cards or buy a new car. Whatever your needs, let uSwitch.com help you find one to suit. We're impartial and comprehensive and won't charge you for using our service. Compare personal loans and apply online.
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