Brits urged to ‘sort out their finances’

Halifax is urging British consumers to resolve their debt management problems and sort out their finances in the new year.

The financial services firm suggests that consumers across the country could be saving themselves significant amounts of money by shopping around for a good deal on their credit cards and mortgages.

Furthermore, despite the fact that thousands of families are struggling to become debt free, Halifax is keen to see Britons contribute to a savings vehicle as often as they can.

“Most of us religiously hit the high street for the January sales, but too few of us include banking products in our bargain hunting,” said Peter Jackson, head of products at Halifax.

“By making a few small changes today, you could make some significant financial gains in the future.”

The UK’s collective level of personal debt increases by close to £1 million every four minutes, according to figures form the Credit Action charity.