FSA reveals consumers unprepared for financial hardship
A fifth of homeowners expect trouble meeting mortgage payments over the next year, yet a quarter have no plans for how they would meet any increased cost, according to a survey from the Financial Services Authority (FSA).
The body surveyed over 2,000 adults for the research which it released alongside the launch of its £2m Moneymadeclear advertising campaign aimed at helping consumers avoid cash worries.
Chris Pond
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