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Fears over financial apathy raised by Picture

A new report launched today by secured loan provider Picture Financial has revealed that financial apathy is leaving consumers at risk, as they shy away from money management.

It says that despite over 78 per cent of people feeling comfortable with their levels of credit, one in three are still unaware of how much they are paying back each month and the total amount of their outstanding credit.

Marketing director Julia Dallimore says: “Even if people feel comfortable with their borrowing arrangements, regular sorting of finances, particularly credit and borrowing, is absolutely crucial in making sure people are managing their money well and using it more effectively.”

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