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Women on maternity leave 'turning to loans'
  
29th October 2010
0 comments 0 comments | 748 views 748 views
  

Women taking time off work are struggling financially, with many opting for credit to help make ends meet.

This is the conclusion of a recent survey carried out for Turn2us by Bounty Parenting Club, which found 53 per cent of mothers have built up debt throughout this period of their lives.

Almost a quarter (23 per cent) of those polled admitted to using credit cards, while 27 per cent have dipped into their savings on more than one occasion.

Director of Women in Debt Nicola Scowen suggested that getting into debt, or applying for a loan, should be the very last thing females do.

"If the shortfall is simply due to her reduced income and she will return to normal post maternity leave, then she should seek advice from her bank for short-term funding to bridge this gap," she said.

Ms Scowen added that women also find themselves targeted by consumerism both during and after their pregnancy.ADNFCR-1789-ID-800200271-ADNFCR


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