Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Brits at risk of credit card charges using plastic to plug spending gaps

Brits are using forms of credit to plug spending gaps, as the amount they earn cannot cover all of their outgoings, according to new research.

Comparison site uSwitch.com found that 23 per cent of individuals are just breaking even at the end of the month, while a further seven per cent find themselves in the red.

More than a third (37 per cent) of these people are using overdrafts to fund their expenditure, while 28 per cent are using savings and 23 per cent turn to credit cards.

This is putting Brits at risk of expensive overdraft and credit card charges that may impact them further down the line.

"If you do need to borrow money, take time to look at the best loan and credit card deals on the market," said Michael Ossei, personal finance expert at uSwitch.com.

"It might seem like a good idea to take the first deal that comes along, but the chances are you'll end up regretting it and paying more over the long term."

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.ADNFCR-2776-ID-801500025-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 B16, 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