The British seem to also prepare for an increase in restrictions on money management in their day to day than the 75 percent of respondents said that the Bank of England has forecast that interest rates increased in 12 months. While this increases the consumers eager to make loan payments and other expenses, the balance of 67 percent of the highest rates in the forecast is the lowest level since June last year.
Commenting on the figures, said Trevor Williams, chief economist at Lloyds TSB Corporate Markets, “The recipe for consumer confidence is a secure job and the ability to pay bills, and despite the turmoil in the credit markets, we have a growing optimism seen in both areas in September data. Fuertes official employment, along with increased job security is a long way to come to buoy the confidence. ”
“In the meantime, the decision to keep interest rates in September, the consumer, because now seeing increases in their mortgage payments and other debts. Outlook for the rest of the year and 2008, but less encouraging. With signs of weakness on the real estate market beginning to materialize, it is likely that we will see the beginning of confidence worsen in the coming months. ”
Consequently, the persons concerned about the pressure on their finances and reinforcing pull future increases in base rate into consideration, to help a cheap personal loan to cope with changes in their inclination to manage money. Earlier this year, reported James Jones, consumer affairs manager of Experian, with a history of success in meeting repayments on personal loans, credit cards and other types of loans could be the candidate, a rate competitive interest rates the next time you are looking for a to apply for credit.
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