This article first appeared on Football Italica.
A new study finds that while banks are more than happy to provide financial services to those that want them, many people are wary of lending to banks.
According to a study by the Financial Markets Association (FMIA), 78% of people in the UK and Ireland said they would be willing to pay more to get a financial service they feel is reliable.
However, when the people that have that particular service want to use it, they often don’t like the fact that they are being charged a fee.
In fact, 78% said they have little or no interest in paying fees, while only 28% said that they would prefer to get more for their money.FMIA president and CEO David Loughton said: “There is a lack of trust in banks when it comes to the way they operate and the quality of their services.”
We have found that consumers and small business owners have a much greater appetite for their financial services, but in doing so, they are often disappointed with the terms of the deal.
“The most important thing is to understand how to get the best deal for your money, so you can use the services you want and get the services they provide.”
For instance, a person who wants to borrow money might be more willing to give up some of their income in exchange for a loan that gives them a lower interest rate than the banks offer.
“A new FMIA study shows that 78% are more likely to be open to accepting a higher interest rate from banks than from other financial services sourcesThe study by Financial Markets Research Institute (FMRI) shows that in the past year, a large majority of UK and Irish consumers have been more willing than other consumers to accept a higher rate for their credit card or debit card.
However there are still some who don’t feel the same way.
Only 7% of the UK public said they were more likely than the other respondents to agree that the terms offered by banks were acceptable, and 7% said their terms were less acceptable.
For example, 73% of Irish consumers said they’d be willing and able to accept higher interest rates than banks, compared to just 6% of British consumers.
The survey also found that the average consumer’s financial conditions improved significantly over the past 12 months.
When asked how their financial situation is improving over the last 12 months, 75% said it’s better than they were in the year before, and just 9% said the same.
However a third of the people polled said their financial condition is worse than they expected.
The majority of those surveyed said they didn’t feel their credit score was a major factor in the amount of money they wanted to spend.
For those that did feel their score was influencing their decision, 71% said this had been the case since they were younger.FMRI said that consumers should expect a good deal when they go to a bank.
It said:”If you want to be sure you get the highest possible rate, it is important to understand your financial situation, particularly how much you can borrow and when you can get your money.”
It is also important to be aware of your rights and obligations when it is your bank’s turn to take on your loan.”
The study also found people who wanted to borrow more were more concerned about how the financial services provider is structured.FMIRI said: “Financial services providers are a complex, competitive and fragmented industry.
They are often under pressure to offer a higher than average interest rate and to ensure that they don’t have too much power over you.”
People may be willing or able to pay a higher amount for a service, but they may not feel confident that they will be getting the quality or service they want.”FMIRIs new study found that banks were willing to offer services that are more reliable than other financial industry servicesThe study, which analysed the terms and conditions of almost 2,000 financial products, found that 77% of financial products surveyed were able to provide a higher level of service than other banking providers.
However it also found the same proportion of people were also willing to accept more fees than other banks.
The FMIA found that 78 percent of people surveyed agreed that banks offer the best services and would be more likely, if they were given the chance, to borrow from them.
In addition, 75 percent of consumers said that if the financial product offered by a financial institution offered better terms than other products, they would have to take the financial service provider up on the offer.
It also found 57% of consumers agreed that they wouldn’t use a financial product that was offered by the bank that was not good enough for them.
However FMRI said people were not willing to be left in the lurch.
They said:”[The] vast majority of people are more inclined to accept what the bank offers than what is offered by other banks.”
However, it did also find that the majority of the