Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan charges: Quarter of Brits 'unable to save'

Having to pay off loan charges may be one of the reasons why a quarter of Brits are unable to save.

Moneysupermarket.com has revealed that, despite inflation falling by 0.3 per cent in May, Brits are struggling to save, with 25 per cent saying they cannot afford to put any money away.

The survey also revealed that ten per cent of Brits are now paying off more debt because of inflation.

Kevin Mountford, head of banking at the price comparison website, said: "The ability to save is being hampered by the rising cost of living.

"Clearly the majority of consumers are finding it tough to free up any money to put aside and with factors like energy price hikes, the cost of fuel and pay freezes for many workers, this situation seems set to continue."

He added that people with savings should try to protect any money put away, as inflation will be "eating away" at the value of their money.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.

 ADNFCR-2776-ID-800619200-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
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 www.gov.uk/moj/cmr 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