Organising finances can make ‘big difference’
By effectively organising their finances consumers could avoid debt management difficulties, it has been suggested.
According to associate director of Credit Action Chris Tapp, regularly reviewing their personal monetary situation can help Britons handle their monthly outgoings and make repayments on Secured loans and other forms of borrowing with greater ease.
He said: "We can all become better money managers by setting some clear objectives about what we want to achieve with our money and dedicating some time to regularly evaluate our financial situation."
Mr Tapp added that spending an hour every month can "make a big difference" to consumers’ finances.
Earlier this week, David Dooks from the British Bankers’ Association (BBA) claimed that consumers are "paying more attention to their finances".
His comments come as findings from the BBA revealed "little change" in uptake of Personal loans and credit cards use over the course of April.
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