| All News | Archived News |
Online banking `reflects pace of life`
14 December 2007
The growth of online banking as a method of debt management for consumers reflects the pace of life in the 21st century, an industry expert has claimed.
According to the British Bankers` Association (BBA), there has been a notable decline in the number of visits to bank branches over the last few years, as consumers do not have the time to spare.
As a result, consumers are often overlooking the personal advice offered by a bank manager when attempting to manage their debts, Lesley Mcleod, spokesperson for the BBA, said.
Ms Mcleod added: "Customers have a responsibility to keep track of their money themselves. It`s not lack of information about their financial position that is causing people to get into debt."
A survey by Lloyds TSB published earlier this month revealed that 50 per cent of those quizzed had not seen their bank manager for at least ten years.
Speak to an expert today
Call freephone: 0800 161 3516
©2008 Gregory Pennington Ltd. Pennington House, Carolina Way, South Langworthy Road, Salford M50 2ZY. Company Registration No. 2855061
Registered in England and Wales
Part of the Think Money Group. Our initial advice on your best financial solution is free. Fees payable where continuing services are provided. Calls may be recorded for training and quality purposes.
Debt Management | Debt Solutions | Debt Consolidation | IVA | Trust Deed