For free debt advice from Debt Advisers Direct


Public urged to `make regular savings`

11/09/2008

Saving regularly, even if only small amounts of money are involved, could be the key to avoiding debt, according to a leading debt management company.

A spokesperson for Gregory Pennington claimed hundreds of thousands of people in the UK are in danger of incurring debt because they do not have money saved away "to fall back on".

"Even a few hundred pounds put aside could help you out of a sticky spot if, say, you received an unexpectedly high gas bill," the representative remarked.

The comments were made in relation to a report from Nationwide Building Society in which it was found that just a third of the UK`s population believe it is important to save regularly.

Approximately 20 per cent revealed that they do not save any money.

Halifax and several other banks have this week launched a campaign to reunite customers with savings put away in forgotten accounts.ADNFCR-667-ID-18774942-ADNFCR

Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according Rising household costs could pressure people in debt 10/08/2010 - The UK may be about to see a rise in
Fill in our form, an expert will call you back
Title:
First name:
Surname:
Telephone 1:
Telephone 2 :
Email:
By continuing, I agree to the privacy policy
Debt Advisers Direct © 2010 All rights reserved. Debt Advisers Direct is a trading style of Freeman Jones Limited.
Carlton House, Vere Street, Salford M50 2GQ. Company registration No. 4348410. Registered in England and Wales