Finance news from Loans Park

London (loans-park) June 13, 2006: A research from National Savings & Investments (NS&I) shows that nearly 43 per cent of Britons are concerned about their financial matters. However, most of these have not taken anyinitiative to improve their finances.

Since all types of secured loans and unsecured loans are easily available in the UK financial market, many Britons prefer to spend now and worry about savings later.

Instead of taking some action to improve their finances, some 21 per cent of Brits prefer to spend as and when need arises without worrying for the savings.

Dax Harkins, senior savings strategist at NS&I said that the research revealed an underlying fear of getting to grips with the essential day-to-day management of personal finances, from household bills through to credit card debt and savings. Harkins further said that there was an obvious big need for more accessible financial education to help people get over their fears and sort their finances out.