participants stated that checking bank accounts and statements was less appealing than going to the dentist
(PRWEB UK) 2 November 2012
Millions of people throughout the UK are failing to open and respond to important mail usually financially based in a desperate attempt to ignore money struggles and debt. Many are unaware of their actual balance, overdraft balance and outgoing payments. This is currently resulting in large sums of money moving via direct debit that customers no longer need or use.
The research by MoneySupermarket and Barclays found that more than a third of account holders are burying their heads in the sand and refusing to open their statements, with 38% of MoneySupermarket respondents reporting that they do not know how much money leaves their account each month.
Kevin Mountford, MoneySupermarket’s Head of Banking explained that after he urged consumers to check their bank statements around 6% noticed a payment that they were unaware of. He said, ‘Every penny counts right now, especially as we’re heading into a costly festive season and many people may be looking for ways to get a cash boost for Christmas. Checking all outgoings and making sure you are not paying for products and services you no longer use is an easy step to do just that. You should have a clear idea of what is coming in and going out of your account each month.’
Survey participants stated that checking bank accounts and statements was less appealing than going to the dentist, with 55% of 18 to 24 years old admitting to putting off opening statements.
The Payday Loan Company, Dosh Express, encourages Brits to keep on top of finances and be aware of absolutely everything that leaves their account. Burying your head in the sand is not the best way to deal with financial problems and it should be remembered that there are independent financial advisory companies which can help.
Dosh Express is the Honest Lender, helping you get to payday. Based in Derby, in the Midlands, the company’s mission is to provide a great lending service to thousands of our happy customers and be a great place of employment for our staff. Please visit doshexpress.com to apply for a loan, and if you are approved cash is usually deposited in your account within minutes, subject to status. Dosh Express, the trading name of Dosh Express Limited, is a consumer lender offering short-term payday loans, is a member of the Consumer Credit Trade Association (CCTA), and is licenced and regulated by the Office of Fair Trading.