Apply Now For A Loan

Britons see the advent of the New Year as an opportunity to turn over a new leaf and gain control of their finances, according to one of the UK ’s largest lenders.

According to research from Halifax Unsecured Personal Loans, January is the most popular month for customers to take out an unsecured personal loan, with almost double the number doing so that in some months of the year.

January is also the most popular month for Britons to take out debt consolidation loans, data from Halifax shows.

Neil Chandler, head of Halifax Unsecured Personal Loans, attributed the findings to people resolving to grasp control of their finances in the New Year, after high spending at Christmas.

He commented: "For many people, the start of the year is a time to get personal finances in order - transferring debt from more expensive products such as store cards or other loans.

"Our research shows that this is certainly the case, with the number of loans taken out for debt consolidation increasing."

Mr Chandler added: "Using an unsecured personal loan for debt consolidation means you have just one fixed monthly payment for all your debts making it easier for people to manage their finances."

source: http://www.londonstockexchange.com/en-gb/pricesnews/investnews/