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Personal Finance News
01/11/12
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Money advice in increasing demand, says study
31/10/12
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Payment barriers exist for disabled and older people, says study
31/10/12
-
Gender differences apparent when financial planning
31/10/12
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Half of Brits shop with a basic credit card, says study
30/10/12
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Number of Brits sitting on forgotten direct debits - 2.68 million
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This Week's Personal Finance News Update
01/11/12
-
Money advice in increasing demand, says study
31/10/12
-
Payment barriers exist for disabled and older people, says study
31/10/12
-
Gender differences apparent when financial planning
31/10/12
-
Half of Brits shop with a basic credit card, says study
30/10/12
-
Number of Brits sitting on forgotten direct debits - 2.68 million
30/10/12
-
More than half of parents are unaware of Junior ISAs
30/10/12
-
Over 80% of advisers name 'cost & administration' as top employer concern
30/10/12
-
Brits left with £1.4bn repair bill during 'mischief week'
29/10/12
-
East of England landlords at apex of yield chart
29/10/12
-
Buyers more optimistic about Scottish property market
News
03/07/2012 16:15:42
Wary spenders missing out on credit benefits
New research has revealed that many spenders are cautious of using credit in the current financial crisis, but may be missing out on benefits as a result.
A third of those questioned by MoneySupermarket.com said they are less likely to use credit now than before the financial crisis, which could mean they are missing out on cashback and interest free offers as a result.
However, for ten per cent of people, credit is proving to be invaluable as they struggle to cope financially - with 17 per cent saying it protects their savings.
Kevin Mountford, head of banking at MoneySupermarket.com said this approach to personal finance has both its good and bad points.
"It is encouraging that as a nation we are showing a more restraint when it comes to taking on new borrowing. However, by avoiding credit completely many consumers are missing out on the added benefits that credit can bring," he explained.
