Be savvy with finance products and save £7,000
Published On 31 January 2007
Being savvy with finance products could save customers £7,000, according to Moneyextra.com.The internet savings promoter investigated the worst and best products across a range of financial services and found that a saving of £4,678.60 could be made if the right choices were made.
The group said that choosing a competitive credit card could lead to a saving of £825 a year, while taking the right mortgage product is "the cornerstone of a fitter, fatter wallet".
Choosing the most competitive personal loan is another key means for customers to keep their finances in better shape, the group said.
Robin Amlot of Moneyextra commented, "Putting that net figure back into your hands in terms of after tax income is the equivalent of an increase in gross earnings for a basic rate taxpayer of almost £7,000 a year!"
Credit cards remain the most common cause of personal debt in the UK.
