|
|
|
Get The Finance You Need With UK Secured Homeowner Loan
Not every-one of us is born with a silver spoon in his mouth. Most of us live life as it comes. Our hard earned money provides us with the basic necessities and indulgences. Generally, we manage things with our finances but sometimes an emergency or...
Handle Your Personal Finance Easily
All too often people make the mistake of thinking that they are
capable of handling their own finances without any worries at
all. However, in most cases people learn rather quickly they
cannot handle their own finances without help or assistance...
How Banks Can Help You Improve Your Personal Finance
If any institution is known for managing finance, it is
banks. This is why many people seek advice about
personal finances from professionals at their
local bank. Banks can provide you with personalized
finance solutions. They can help you...
Life insurance – wise investment in personal finance or excessive caution?
Life insurance is typically taken out to offer valuable financial protection for your family in the event of your death, upon which a payment is made to your financial beneficiaries, heirs or family members. The extent of this payment will depend on...
War of the Worlds: Student Finance versus Life
It’s a worrying time for current and prospective students. Figures from the Prudential, show that a third of UK university students have considered abandoning their studies due to the financial strain they have encountered. It is not surprising that...
|
|
| |
|
|
|
|
Moneynet adds weight to intelligent finance with new personal finance product guides
Moneynet adds weight to intelligent finance with new personal finance product guides
Moneynet.co.uk, the UK’s longest established online personal finance information website, has recently published three online product guides to help consumers get to grips with the increasing complexity of personal finance products.
With a strong stance on ethical finance, the company felt it was important to be proactive on educating consumers about the different aspects of credit related products to get the best deal. This is crucial, as a recent report by Credit Action indicates that less than the half of adults are financially literate, which drops to a third for young adults aged between 21 and 24.
According to the National Statistics website, 91% of men and 90% of women in the UK have at least one credit card, collectively accumulating over £54.3 billion of debt. Credit Action, a national money education charity, states that 50% of the people who take out credit in shops, hadn’t planned to do so
when they left home. This is particularly serious as store cards often present the highest rate of interest, indicating
either a lack of awareness or understanding on the part of the consumer, or worse a lack of concern about the possible consequences. A survey published last year by the Office of Fair
Trading showed that whilst 60% of cardholders thought they had a good understanding of credit cards, they were unable to answer specific questions or extract key information, such as the APR, fees for late payment or cash withdrawal.
There are currently three guides available on http://www.moneynet.co.uk, covering credit cards, mortgages and loans. In addition to explaining the different aspects of credit application, moneynet also offer a glossary of key terms in the resources section to help visitors gain a complete
understanding of the best product for their needs. Further guides are due to be published later this year.
About the Author
Moneynet.co.uk is the UK's longest established, online personal finance research and data website.
E-mail: INFO@MONEYNET.CO.UK
Telephone: 020 8313 9030
Website: http://www.moneynet.co.uk
ADDRESS: Moneynet
Sussex House
8-10 Homesdale Road
Bromley
Kent
BR2 9LZ
|
|
|
|
|
|