FSA to make Loans more understandable

By: Jennifer Quirk

The FSA this month have released a new website discussing and promoting financial products such as loans and offering advice and help in reference to debt problems. There has been much discussion into how to create an easily accessible and understandable base of information for today’s young adults and families. The new website is being distinctly free from jargon and worded in familiar language to try and encourage younger people to educate themselves when it comes to money.

The website has been created very much with its target audience in mind. Much research was done prior to the website being designed and created so it would include as much relevant and interesting content as possible. In surveys being taken across the country, younger people where asked what information they wanted, who it was to be supplied and sourced from, and how it would be displayed. The website has then subsequently, depending on the band of answers, been ordered in “life stages” so it is suitable to several age ranges and concentrates on the money issues most encountered by said audiences.

So far the website has received a lot of praise from both the young adults using it and financial experts that are pleased to see that the issue has been addressed in such a successful manner. There is a lot of promise that the website will ultimately help younger people to become more financially capable both now and when they plan for what they want in the future. Part of the success has been down to how the information is displayed.

Youth Net, a charity of expertise and one focused on the age range targeted by the FSA, have been actively involved in the project. They have specifically designed the website to be modern and easy to take in. Research has shown that a clean and uncluttered design is much more likely to appeal to the younger generations, so a “newspaper” style design has been avoided.

If you are looking to leave home, start a family or take out a loan for a large purchase, such as your first car, it is highly recommended you research your options before making any decisions.

Loans can be a real help when looking to purchase that big product or service. There are several loans that may be suitable to you ranging from secured loans to (if you are a home owner) secured loans



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