26th June ‘08 - Many Spurn Financial Advice When Making Important Decisions

Posted on Friday, June 27th, 2008 at 12:27pm

All financial experts agree that making an important financial decision such as taking out a secured loan or homeowner loan should never be taken lightly. Whether it is to finance a holiday, a new car, a wedding or some long-desired home improvements, the benefits of taking out a secured loan should always be thoroughly investigated.

Yet, according to Swiss insurance giant Zurich, relatively few UK consumers have ever consulted an independent financial advisor. Research by the insurance company reveals that only 57% of all over-eighteens in Britain claim to have visited an independent expert to receive financial advice.

Tony Solomon, director of life marketing with Zurich, comments, “The decision to seek financial guidance is a step in the right direction towards setting up a long-term plan to survive the credit crunch and prepare financially for their old-age.”

A good financial advisor is able to offer guidance on most important money decisions, including mortgages, pensions, investments and secured loans.


15.9% APR Typical variable

WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS ARE SECURED ON YOUR HOME. ALL LOANS SUBJECT TO STATUS.