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Latest News
<< Most Recent Articles
2008 to be a "tough year financially"
Next year will be a hard year in terms of personal finance, according to AWD Chase de Vere.
People may find it harder to save in the upcoming months due to rising utility bills and the ending of fixed rate mortgages, according to the independent financial services group.
"I think it's no secret that next year's going to be a tough year financially for a lot of people. It's going to be a bit of a shock I think, for some people, when one of the unfortunates would be fixed-rate mortgages coming to an end," she said.
Credit Action has reported that consumer credit lending has increased by 6.2 per cent in the last 12 months.
Energy bills are expected to rise sharply in the new year, according to SimplySwitch, who state that analysts have predicted gas price rises of at least 15 per cent.
Loans may be an effective means of debt consolidation.
See how much you could save with a debt consolidation loan from Lombard Direct.
© Adfero Ltd
19/12/2007 15:49:51
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