Britons who take out short-term bank loans to cover the rising cost of living are asking for trouble, according to an expert. Mark Bower, managing director of price comparison website moneymaxim.co.uk, claimed that many UK consumers are still striving to live their previous lifestyle even if it is not realistic to do so. "There will undoubtedly be many who are postponing the pain of these increases by using short term debt, but this is likely to be a recipe for disaster," he said."It's very unlikely that the current price and tax increases are going to be reversed in the short term, so really it's essential that householders adjust their spending patterns now to take into account their reduced budget." Mr Bower added that some Britons are already looking to cut the cost of certain essentials such as insurance fees and utility bills. Around four in five Brits currently have money worries, according to research by The Co-operative Financial Services. Charles BakerCharles is a reputed financial analyst with almost decades of experience under his belt.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated
claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk/search.aspx
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233,
whose head office and registered office is at Suite 2, Unit 25, The Coda Centre,
Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office. Registration number Z1728023
and holds a Credit Consumer License issued by the Office of Fair Trading license
Please note that calls may be recorded and email traffic monitored for the purposes
of security and staff training.
* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are
no upfront costs to pay. Our fee only becomes payable on a successful outcome of
a claim. A cancellation fee is payable if you decide that having instructed Belmont
Thornton to act on your behalf, and after 14 days of signing your Letter of Authority,
you do not wish to continue pursuing your claim with us. The cancellation fee is
the reasonable costs incurred for the work undertaken. Please see our terms of engagement.
By using our web-site, you agree that we can place the types of cookies described