Britain’s financial optimism has plummeted, according to a recent set of figures.

GfK NOP’s latest consumer confidence index revealed a drop of five points with regard to the country’s outlook on the current monetary climate to stand at -24. Such a figure is the lowest recorded since November 1992. Furthermore the current overall level of economic optimism was shown to be down by 18 points from the same period this time last year, with decreases noted across all five of the firm’s measures which make up the index.

Share This

Debt is a big problem in the UK, with most people having a combination of loans, overdrafts and credit cards needing to be paid. Is it any wonder that with the nation in debt, consolidation companies are breeding like rabbits?

The idea behind a consolidation loan is simple. The company pays off your arrears, you pay the company. Instead of having 4 or five large monthly debts and debtors phoning you every evening, you’ll have one easy-to-manage monthly payment to one company and get all those debtors off your back.

Share This