More People Taking Advice Over Loans
Following the credit crunch and the general slow down in the UK economy, a large percentage of the population has started to think about their financial matters in a much more serious way, taking care to choose the most suitable products from the market place to suit their particular needs.
More and more people are now beginning to take professional independent advice before taking the plunge with financial products. This is particularly the case when it comes to individuals sourcing a new personal loan, or homeowner loan for themselves.
A new report from Opal, a financial outsourcing company, has shown that a higher percentage of potential borrowers are now doing more research and taking advice before simply applying for the first loan they find, usually with their local bank or building society.
According to the research, Opal predict that in the future, the internet will be the most popular method of sourcing a new personal loan and other financial products, with 39 per cent of providers saying that they see internet advice and sales as the way forward.
This is closely followed by face to face advice and 32 per cent of providers said that they would be increasing the use of this method, as many people still like to see an actual person to discuss their financial needs, particularly when applying for a loan.
Tony Collins of Opal said “Financial services providers have the foresight to see that the role of the internet is going to increase significantly over the next few years, but not at the expense of quality personal service.
The fact that almost a third of the providers can see a future for face to face suggests that their clients are always going to be demanding a certain degree of personal service, but that they also want the speed of service that the internet can provide alongside that.”
