Why are Borrowers in the UK Making Poor Choices When It Comes To Loans?

Why are Borrowers in the UK Making Poor Choices When It Comes To Loans?

Despite the fact that loans have become cheaper than ever, over 30% of Britons are still making poor choices when it comes to choosing loans. A majority of borrowers in the UK are not aware of whether the loan is right for them or not, which portrays the lack of financial education and awareness. As a result of these poor choices, they are unable to repay loans. In fact, according to a survey, over 60%…

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