The latest word from the Halifax is that January is the most popular month for taking out an unsecured personal loan. Customers are determined to get on top of their finances in the first month of the year and so will often consolidate their debts via a personal loan.
A Halifax spokesman confirmed that experience across the business shows how popular the start of the year is for taking grip of finances. A popular option is to take out an unsecured loan to pay off store cards and other higher interest forms of borrowing. He also went on to say how managing outstanding borrowing in this way can be a very sensible way of managing money.
Unsecured personal loans are the sort of product that are very easy to compare online, which is what more and more Halifax customers are doing now. It is quick and easy to compare rates and applications can be completed online there and then, making the whole process quick and easy.