| |
Share, Like & Tweet!
|
|
|
|
|
< back to news stories
Britons Raid Savings and Cut Spending to Clear Credit Cards
18/08/2011
It has been recently reported that UK households are paying off credit card debts by reducing their consumer spending and using money that they have saved up. It was published that nearly 5 million individuals have escaped credit card debt in the last year, with the average debt on credit cards, unsecured loans and hire-purchase arrangements falling to an 18 month low at £2,513.
These statistics are all the more surprising given that high inflation levels are reducing people's current standard of living.
Homeowners aged over 55 years who are concerned about their savings and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
|
| |
|