Britons lacking in finance planning

London (go4ukloans) June 19, 2007: According to a new study by National Savings & Investments (NS&I) , many Britons are suffering from debt problems as they are not financially planning themselves well. According to the NS&I poll, a third of the British populace were hoping for a big increase in earnings, or gain from inheritance. Loan borrowers are not looking at the affordability of the loan these days and are finding themselves overextended.

Says Dax Harkins from NS&I: “It’s a real concern that such a high percentage of people haven’t made a financial plan for their future, and even more worrying that a significant number are basing their financial security on their future earnings potential.” Harkins warned that there is no guarantee that people will be earning more as they get older. Borrowers who are facing a financial crisis through debts and unpaid outstanding amounts can bring the same under control through a debt consolidation loan. That will put them more in control of their finances.
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