Tuesday, February 2, 2010
Category:
Secured Loans
According to research conducted by moneysupermarket.com, the traditional New Year’s resolution of shedding a few pounds at the gym may not be applicable to 2010.
In fact it was found that one in ten Brits admit to being ‘no-shows’ at the gym and are therefore planning to cancel their membership to make savings.
Furthermore, the research showed that 46 percent of respondents feel that the gym is an ‘unnecessary cost’ as they will exercise in alternative ways. In contrast, this figure reportedly stood at just one percent a year earlier. Findings also highlight the fact that 5 percent of ‘gym-goers’ want to continue frequenting the gym but can not afford to keep up with membership costs.
Nevertheless, it was discovered that 5 percent are willing to shell out in order to lose some weight, despite never having been a gym member in the past. This year, these individuals are considering joining the 29 percent of people who regularly work out.
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Homeowners who are cancelling gym membership to keep outgoings down, and who have several monthly repayments on credit cards, store cards and personal loans, could consider taking out a secured loan for debt
consolidation. One of many options to consolidate existing debt, a secured loan for debt consolidation can wrap multiple debts into one and may also lower monthly outgoings. If opting for a secured loan for debt consolidation, it should be remembered that this may increase the amount of debt paid back overall and may extend the repayment periods of debts.
