Monday, April 17, 2017

Pariti wants to show Brits how much their debt really costs them

Britain is a nation of borrowers. The average Brit owes nearly £17,000 (roughly $21,000) in loans, credit cards, and overdrafts. Much of this debt is revolving, with interest constantly accruing. As no stranger to this, I know how hard it can be to visualize the cost of borrowing, especially when you use several different financial products. One company that wants to solve this problem is Pariti. It believes that by aggregating the total monthly amount our debt costs us per month, it can shock us into making prudent financial decisions. The way it works is simple. You give Pariti access…

This story continues at The Next Web

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