Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Credit card charges: Savers finding it hard to get decent return on thier money

Savers are currently finding it difficult to get a decent return on their money because interest rates remain at record low levels.

Such is the opinion of John Miles, business development director at, one of the most comprehensive insurance comparison services in the UK.

Mr Miles claims that if people have credit card debt or a personal loan, it may be better off paying this down before considering saving.

He said: "If you have a credit card debt or personal loan it may be wiser to pay this down before you consider saving.

"Paying back £100 on a debt with an 18.9 per cent interest rate could make a lot more sense than saving £100 and earning 0.25 per cent interest."

The latest debt statistics from Credit Action released on February 1st reveal that the average household debt including mortgages is £57,608. Every day, people in the UK pay £178 million personal interest.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.

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