Secured loans could aid financial worries
25/03/2008UK consumers could turn to secured loans as a new survey finds that people are increasingly worried about their finances.
The study, put together by price comparison website moneysupermarket.com, found that following the recent budget around 30 per cent of people in Britain admitted they were struggling with debt and other money issues.
As many people find that secured loans can help with matters such as debt consolidation, it was also noted that rising bills and changes in car tax were adding to the financial concerns of the UK public.
Commenting on the survey, Tim Moss, head of loans and debt at moneysupermarket.com, said that debt and higher taxes could potentially lead to "a massive headache" for many.
"I am really surprised by the extent of worry out there, close to a third of Brits have obviously been really spooked by the budget," he said.
Many people turn to secured loans as they represent a simple way of consolidating debt into one single affordable monthly repayment.
 © Adfero Ltd
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