Personal loan deals may help after a separation, analyst suggests

Wed, 14 Feb 2007

People struggling with financing issues after separating from a loved one may wish to consider arranging a personal loan, it has been suggested.

Research from Alliance &Leicester Personal Loans has found that 87 per cent of men with partners at the moment do not expect to keep the family home if the relationship turned sour.

Meanwhile, 94 per cent of men admit that they do not anticipate being able to keep the bed if they split with their partner and the same number do not expect to hold on to the three-piece suite.

Richard Al-Dabbagh, senior personal loans manager at Alliance &Leicester, suggested that a personal loan may help some people move home and also buy some furniture to put in it.

"The financial implications of starting again after a split can be major and, if funds are needed, a painless way of getting those could be to get a personal loan," he said.

Mr Al-Dabbagh added that arranging a competitively-priced personal loan could help the borrower save up to £700 because of reduced interest repayments.

Earlier this week, a survey by Alliance &Leicester Current Accounts revealed that 31 per cent of single people would like to keep separate banking accounts if they were to move in with a partner.

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