Ignoring small print costs families £400 a year

Ignoring small print costs families £400 a year
 

Consumers in Scotland are typically losing £384 a year by misunderstanding financial terms and conditions or not reading them at all, a government-backed study has found.
The Money Advice Service (MAS) said 83 per cent of people north of the Border admitted they do not read the full terms when they take out a financial product such as a credit card, loan or insurance policy.
The UK-wide figure was £428, with 84 per cent failing to read the small print, according to a survey of 3,000 adults.
Some 452 of those surveyed said they had taken out a payday loan in the past and estimated that the... read more

 
3 September 2014 in Hot News, Views: 45
Source: Scotsman
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