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Loan charges: Riding a bike 'can save people money'

Cycling could help people pay off their loan claims and deal with credit card charges.

Kansi brand manager Adam Dayson pointed out the price of automotive fuel in the UK is rising.

"You can really save money by cycling," he added.

The representative also pointed out that riding a bike is an eco-conscious choice, suggesting there would be "significant environmental advantages" to the world if everyone left their car at home and rode to work for one day.

He highlighted the environmental cost of "transporting cars all around the world for us to purchase" as another issue that could be resolved by riding bikes.

Furthermore, it is a "fun" activity, Mr Dayson noted, remarking that people enjoy doing it as children.

Cycling is also "great exercise", he added, claiming that it can be a good element of a healthy lifestyle.

People in London could start dealing with loan charges by getting rid of their car and using the 24-hour Barclays Cycle Hire 'Boris Bike' scheme.

John Fieldman
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801423570-ADNFCR

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