Consumers struggling to manage their
Furthermore, borrowers should also notify their lender that they are finding it difficult to arrange their finances, consumer education manager at Experian James Jones advised.
He noted that there are a “range of options” available to consumers and
And he added that consumers should ensure they are aware of how much money they owe, by frequently addressing their incomings and outgoings.
“People should regularly evaluate their finances. I would recommend regular evaluation, monthly or quarterly,” Mr Jones said.
These comments echo advice from Bernard Clarke, a spokesperson for the Council of
And CML research has forecast an increase in possessions by first-charge
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