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BBA emphasises on financial planning
London (go4ukloans) June 12, 2007: The British Bankers' Association has suggested the borrowers to get their finances in shape just the way they take care of their physical well being. Chief Executive Angela Knight said: "The British Bankers' Association is recommending customers take a little time to plan their financial needs just as you would consider your physical health. That way you can ensure your finances are in good shape and you have the right banking and borrowing services in place."

A “Fit for Finance” checklist as presented by the BBA includes some questions like
  • Do you pay your credit card balance in full every month?
  • Do you know where and how you borrow money?
  • What plan do you have in place to repay any debt?
  • Are you always struggling to cover debt repayments?
Asking yourself these questions before taking out personal loans may help you immensely.

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Brits turning to secured loans to avoid heavy debt burden

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