Brits save to dodge debt problems
09/02/2010More people are saving now than at any point in the last 16 months, a new survey has found.
Nationwide's monthly Savings Index found that the number of regular and occasional savers hit 79 per cent in January.
It seems that many consumers are preparing for tougher times ahead, and saving to avoid debt problems.
Debt management firm Atlantic point out that loss of income and changes in financial circumstances are very common reasons for entering debt solutions such as a Debt Management Plan (DMP).
However, despite analysts expecting unemployment to continue to rise in the coming year, one fifth are still failing to save anything at all, according to the study.
Debt problems – payday loans
15/03/2011Once again British consumers struggling against debt problems have been told to avoid resorting to t ...
Debt problems: Interest rate threat
14/03/2011An increase in interest rates could plunge hundreds of thousands of households into debt problems. < ...
Debt problems: borrow to pay debts?
08/03/2011People thinking about borrowing money in a bid to alleviate their debt problems have been told only ...
Debt problems – pay off debt
07/03/2011People with debt problems currently considering the best ways to deal with them, might be interested ...
