People offered cost-cutting ideas by insolvency expert

People might want to think about issues such as their holiday spending when aiming to lower their outgoings, it has been suggested, which may interest those who have recently tried to get credit.

Speaking to the Yorkshire Post, Keeble Hawson insolvency practitioner Robert Brown also noted that consumers may be able to save cash by addressing their smoking habits.

He stated: "What's wrong with a break in this country, days out or even no holiday, in order to help get your finances on a better footing?"

However, the expert did go on to tell the news provider that householders should try to ensure they do not skimp on their mortgage payments.

Those who do end up requiring credit in the future might be protected by a new set of rights, it was recently noted by the Finance and Leasing Association's head of consumer finance, Fiona Hoyle.

Posted by Gemma Walker.