Monday, October 24, 2011
Category:
Secured Loans
According to Nationwide Building Society, 58 percent of people have an increased awareness of their personal finances as a consequence of online banking. Furthermore, 33 percent reportedly have an increased awareness of their household’s financial situation due to online banking. This has been revealed following online research, which was based on a sample of no less than 1,500 UK respondents.
The research also uncovered the reasons behind people doing their banking online. It was found that 82 percent do so for convenience, whilst 80 percent choose to bank online because they prefer the flexibility. In addition, 46 percent of Brits are reportedly opting for online banking to avoid queues. Findings have also shown that 41 percent of consumers do their banking online because it allows them to ‘discreetly access their finances’.
When it comes to the most popular time at which people do their online banking, it has been revealed that 30 percent tend to log on during early or mid evening while they are at home. A further 26 percent reportedly tend to log on later in the evening.
The research also uncovered that 48 percent of respondents have been banking online for three to six years, whilst 12 percent have been doing so for seven to eight years. A further 12 percent were found to have been banking online for nine to ten years, whilst 6 percent have been doing so for approximately 13 to 14 years.
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Homeowners who have been reviewing their finances ahead of the festive period could consider taking out a secured loan to tie up any existing debts that are proving to be expensive each month. One of many finance options available,
secured loans could allow borrowers to reduce their monthly outgoings – thereby freeing up useful money each month. However, if opting for a secured loan to consolidate debt, it should be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.
