Women 'more likely than men to struggle with debt' by Finance News Bulletin

Published: 04/12/07

Moving accounts from one store to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU MutualAxa is initiation My financial plan Day on November 21st in an attempt to encourage people to take manage of their financesA study by the Fawcett civilization found that, although men have on average a higher level of money owing that women, they are less likely to struggle with repayments

Reasons put onward for this by the report's compilers included the information that women are likely to be paid less at work and take advantage of high-interest forms of praise such as store cards and loans for little amounts of moneyCommenting on the report's findings, James Ketchell of the Consumer Credit Counselling Service supposed women can often find themselves in trouble when they leave a association"Women are especially susceptible when they come out of relationships and we find that 50 per cent of people that come to the CCCS are coming after life altering situations," he explainedHe added: "These can be anything from losing their job or if a relationship has broken down and women are distant for vulnerable than men in that situation

"In other news today, it has been revealed that more UK customers than ever are using money from their savings to wrap a

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