Cahoot loans survey reveals grey market
www.moneynews.co.uk > Loans > Cahoot loans survey reveals grey market
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Cahoot loans survey reveals grey market
Mon 22nd May 2006
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The so called grey-market loans, between friends and family, account for large amounts of debt with over a third of us owing money unofficially.
The cahoot loans survey also warns that many of us fall out with family and friends over loans that do not get repaid.
John Goddard, managing director of cahoot said "People shouldn't be tempted to see the ‘bank of Mum & Dad’ as an easy option, especially if they have already been turned down for loans elsewhere."
Studies recently have demonstrated that people in the UK are borrowing more than ever before and the cahoot loans survey shows that on we also owe on average £3,704 in grey-market loans.
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Related News : Cahoot |
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