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Cash Cow Advances is a leading nationwide service provider of cash advances and payday loans. More than one-fifth of people over the age of 55 (21%) have a personal loan, according to new research from Aviva.

The insurance group commissioned online interviews with more than 10,000 over-55s as part of its Real Retirement Report. Its research suggests that many older people benefit from personal loans, including 16% of 65 to 74-year-olds and 17% of over-75s. free annual credit report from government

The report noted that the majority of over-55s are not in debt; however, those who do owe money typically have unsecured debts totalling pound;20,001. This represents a significant increase since May 2011, when the average person over the age of 55 with unsecured debts owed pound;17,112. Clive Bolton, a spokesman for Aviva, said: The over-55s have seen their finances deteriorate over the last quarter as people struggle to keep up with the rising cost of living on a relatively fixed income. Taking out a private pension, building up a respectable savings pot and paying down debt are all simple steps that people can take to ensure they dont face these problems in what is credit score Pittsburgh retirement.

The older generations are not the only ones with unsecured debts, as what is credit score Pittsburgh the Consumer Credit Counselling Service recently revealed that many of the 753 18 to 19-year-olds who contacted the charity about their debts in 2010 had personal loans. free credit report yearly Cash Cow what is credit score Pittsburgh Advances is a leading nationwide service provider of cash advances and payday loans.