Abbey Loans: £510m lent by friends each year
www.moneynews.co.uk > Loans > Abbey Loans: £510m lent by friends each year
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Money News |
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Abbey Loans: £510m lent by friends each year
Tue 14th Aug 2007
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The provider has claimed that nine per cent of people in the UK have agreed to lend or borrow a sum more than £50, while 28 per cent have fallen out with friends when the debt is unpaid.
More than a third (36 per cent) of people use the loan to get them through until payday, though seven per cent used them for big purchases such as cars and holidays.
"Those that need money for items such as cars, holidays, home improvements or even cosmetic surgery would be better off asking a bank to provide the funds, rather than risking a relationship meltdown," said Paul Morrish, head of Abbey Loans.
Last month, the Co-operative Bank advised that having a particularly poor credit history gives a good idea of that person's future financial behaviour.
Related News : Loans |
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Related News : Santander |
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