The global economic downturn has left Brits wary about incurring credit card charges or making loan claims.Research from Moneysupermarket.com found while ten per cent of respondents claimed to be more likely to use credit than they once were, 34 per cent said they plan to use this funding option less than they used to.Head of banking for the firm Kevin Mountford suggested that loans were relatively easy to come across prior to the economic downturn, with the recession putting many consumers "in financial difficulty"."When used responsibly, credit can be a good thing and is an effective way for families to manage their finances," he pointed out.People could make a credit card claim and not pay a penny in interest if they cleared their debts every month, the expert noted.However, Unite the union recently pointed out people are finding it increasingly hard to access loans through traditional options, which it said has supported the rise of the payday lender.John Fieldman Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.
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