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SHAPE_UP_YOUR_FINANCES

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					70/03                                                                28 May 2003


GET YOUR FINANCES IN SHAPE FOR THE SUMMER

With the holiday season just around the corner many will be working flat out to get their
bodies in tip-top condition for the beach. But with the increased financial demands of
expensive holidays on the cards, Lloyds TSB loans is warning that it is just as important
to get your finances in shape too!


Paul Hyde from Lloyds TSB loans is offering some handy tips for anyone looking to get
their finances in order:


   Consolidate your borrowing to make it easier to manage. Instead of spreading your
    debts on several store cards, credit cards, overdrafts or personal loans, bring them
    together under one loan.
   Ensure that your loan is quick and easy to arrange.
   Be realistic about the amount you can borrow. Only borrow what you can
    comfortably afford to repay and spread the costs over a period to suit you.
   Check whether the interest rate is fixed or variable. A fixed rate can give you peace of
    mind, as repayments will stay the same until the loan is repaid - invaluable when you
    are managing a tight budget.
   Choose your monthly repayment date to suit you. Ideally, choose a date a few days
    after your pay day, to help you stay in control.
   Face to face advice can be useful when re-arranging your finances, helping to ensure
    your repayments are affordable and suit your requirements.
   Check that your lender offers lower rates for higher borrowing, especially if you are
    borrowing a large sum. Loans are generally available from £1,000-£25,000.
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GET YOUR FINANCES IN SHAPE FOR THE SUMMER…/2

Paul Hyde from Lloyds TSB loans said: “Taking out a personal loan is an excellent way
to fund a new purchase but can also be a great way to get your finances in shape.
Consolidating your debts into one loan can save you a considerable amount of money. A
typical borrower with Lloyds TSB who takes out one loan to replace a number of other
borrowing commitments, such as store cards and credit cards, can save up to £38 a
month1 – That’s over £450 a year!”


“When choosing a loan, it’s crucial that you find one that’s right for you. Lloyds TSB
offers a range of loans and you can get details of these at any branch of Lloyds TSB, over
the phone, by post, as well as on the Internet. Once you’ve decided how much you want
to borrow, call into one of our branches or call us on 0800 092 2290 and we can give you
a decision within ten minutes!”

                                          -ends-

For more information:
Amy Davies
Lloyds TSB Press Office
020 7356 1714


Notes to editors:
1
  Saving based on a customer consolidating credit card, loan, overdraft and store card debt
from a range of providers into a Lloyds TSB Gold loan.

				
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posted:10/9/2012
language:English
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