Savings suffer as debts paid off in record amounts

According to comparison site moneyfacts.co.uk, borrowing habits in the UK have taken a turn for the better after 2010 was reported to be a record year for consumers repaying their debts.

The report by unbiased.co.uk showed consumers were becoming more conscious of their debt levels and wanted to pay off what they owe.  However, as a result of this, savings levels steadily dropped during the year.

Read the full article at moneyfacts.co.uk

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