Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Loan repayments: Paying debt and saving 'a balancing act'

People must strike a balance between putting money away in savings and paying off debt, an expert has said.

Richard Talbot, director at money education charity Credit Action, claims that his organisation always encourages people to have some savings tucked away.

He said: "If people haven't got some money saved up then they would have to take out extra forms of debt should emergency needs arise.

"It's kind of a balance in life ... once they've got something put aside for emergencies then it would be a lot better to pay off the highest interest rate debt first."

According to new research from Lloyds TSB, the third most common New Year's resolution among Brits was to take control of their finances.

It revealed that 57 per cent of people in the UK plan to save more in 2011 and that 29 per cent plan to put away £50 per month.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of 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 in our privacy policy on your device.Hide