What borrowers need to be doing to avoid a financial crisis

It’s been 10 years since the credit crunch of 2007 that sparked a 5-year recession and a global financial crisis. Yet whilst things appeared to be on the up for a few years, it seems that the UK are at risk of another downfall, due to the levels of personal loans that are being taken advantage of.

Money management failure

Could prepaid cards be the solution to money management failure?

People who are finding it difficult to manage their money are unable to spend on luxury items, such as going on holiday, it has been claimed.

The volatile economic climate in recent years has left consumers worried about money and more reluctant to spend. Research has shown that many people are concerned about finances and as a result, they are sacrificing spending on luxury goods such as holidays.