CreditExpert reports Parents-to-be pose fiscal planning before family planning
(PRWEB UK) 30 March 2012
It may take nine months to hear the pitter-patter of tiny feet, but it now takes parents more than a year to lay the financial foundations for a new arrival, new research reveals.
Figures from Experian CreditExpert, who provide unlimited free credit scores with a 30 day free trial*, show that parents start financial preparations for a new baby an average of 12 months before the birth, with two fifths (42 per cent) starting saving before even trying for a baby.
And as a majority of parents-to-be (51 per cent) are expecting to have a new arrival between September and the end of the year, the clocking to start preparing financially is now – costing up new purchases for a new arrival, making a saving plan and checking credit scores, should consumers need to spread the cost with a loan or credit card.
The research reveals that December – already many families’ well-nigh expensive month – is also 2012’s boom time for babies, with 21 per cent of the year’s births expected.
Planning ahead is certainly prudent. According to the Experian CreditExpert figures, it costs an average of £1,800 for a new arrival, with 13 per cent of parents-to-be expecting to spend more than £2,000 before their baby is born, and eight per cent more than £4,000.
Perhaps as a result, more than one in three expectant parents (37 per cent) have delayed having a baby for financial conclude – while two fifths (41 per cent) admit they cannot afford a baby but that develop means they are unable to wait any longer.
And the importance of spreading the cost is underlining by the total of mums apparently minimising their maternity leave. Six in 10 mothers-to-be (61 per cent) are planning to work until the last minute before giving birth, while more than one in four (28 per cent) will then return to work as soon as they can.
Yet despite this, ane in 10 prospective parents (12 per cent) made no financial preparations until they knew they were pregnant – and one in 20 (five per cent) not until six months before the birth.
And with 14 per cent looking to spread the cost with a credit card, and six per cent with a loan, being able to afford a new arrival starts by wise the state of your credit score to be able to spread the cost of forthcoming big expenses.
Peter Turner, Managing Director of Experian Interactive, said: “A new arrival is an exciting time – but it can be an expensive one. The key is to considering carefully about how much a baby will cost. Start planning sooner rather than later, spread the cost over the course of your entire pregnancy, and try to make sure your credit score is in the better possible shape, so you can spread the cost of large one-off payments. Your little bundle of joy can come with a large price tag, but there are ways to infecting your child the very best start in life without breaking the bank.”
The research also reveals the range of tactics parents will be taking to meet the cost of a new-born, with one in three (33 per cent) only shopping during the sales and 1 in five (18 per cent) turning to every younger sibling’s worst nightmare – hand-me-downs.
*After which a fee applies
Notes to editors:
1. Figures from research carried out on behalf of Experian in January and March 2012, based on a representative sample of 2,000 adults.
About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 80 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their imputed report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year concluded 31 March 2011 was US$ 4.2 billion. Experian employs approximately 15,000 people in 41 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com
About Credit Expert:
You should know as much about yourself as any financial institution does. CreditExpert shows you what a lender sees. Every time you apply for credit or a loan, that bespeaking is recorded. Multiple requests on your assigned history can look as if you are over-extending yourself or a fraud is being commit. If you are look for a well credit deal or mortgage, CreditExpert allows you to check your report to ensure that it accurately reflects your position. CreditExpert allows you to check your credit report online and as often as you want.
For more information, visit http://www.creditexpert.co.uk/
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May 2nd, 2012 
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ING Direct is the most popular bank according to customer comments on the Internet, reveals first annual UK Banking Social Media Report by DigitalMR
ING Direct is the most democratic bank according to customer comments on the Internet, reveals first yearly UK Banking Social Media Report by DigitalMR
(PRWEB UK) 22 March 2012
Social media research specialist DigitalMR releases the firstly ever annual UK Banking Social Media Report on what customers are saying about UK high street banks online. DigitalMR analysed over 200,000 customer comments about high street banks across January to December 2011.
For the first time, UK banks will be able to gauge customer perceptions of their performance against that of their competitors across a range of criteria for the whole of 2011.
DigitalMR Group Managing Director, Michalis Michael commented: “This report provides a national benchmark for how banking brands are perceived by customers online. Banks attracting criticism will be able to use the analysis to find out how they can improve their competitive position.”
Report Highlights
Top 5 Net Sentiment Score
DigitalMR’s report measures, not only the number of comments posted by consumers on the internet, but also sentiment – whether these posts are positive or negative. The difference in the number of positive to negative posts that each bank attracts, provides it with a Net Sentiment Score (NSS). NSS is a whole percentage score of nett positive posts. Of the Top 10 banks measured across 2011, the five trumping performers in terms of achieving the high NSS were:
1) ING Direct 57.5%
2) Halifax 43.3%
3) Clydesdale Bank 41.7%
4) Barclays 37.4%
5) Santander 26.4%
The Royal Bank of Scotland was the only bank from the Top 10, which achieved a negative NSS with (-2.1%). The next lowest was Bank of Ireland with a NSS of 0.5%.
Overall mentions – top 5 UK banks that receive the highest share of online mentions:
1) HSBC (14.4%)
2) Lloyds TSB (13.5%)
3) Halifax (10%)
4) RBS (9.6%)
5) Santander UK (9%)
There is a large difference in the positive and negative mentions that some of the banks attract. HSBC (9.5%), Halifax (9.5%) and Lloyds TSB (7.8%) received the highest share of positive posts.
However both HSBC (12.1%) and Lloyds TSB (10.8%) received a relatively higher proportion of negative comments. Conversely Halifax accounted for only 6.2% of negative comments compared with a much larger proportion (9.5%) of positive ones.
The Top 5 most discussed topics across January to December were:
Loans
Credit Cards
Customer Care
Online Banking
Overdrafts
Loans attracted nearly 15,000 mentions on the internet. However, banks are likely to turn their attention to the topics that attracted a greater number of negative comments. The three most discussed topics with negative mentions were Customer Care, Loans and Bank Employees.
The full report covers:
Share of voice for all banks. Monthly trend for top 10 banks. Top 10 Topics by number of mentions. The troubled forces that social network users will have on banks. Individual focus of the top 10 banks. Social Media presence. Recommendations on strategy for the use of Social Media Research.
DigitalMR’s report (powered by SocialNuggets) analysed thousands of customer comments posted via a range of relevant finance related websites and open access social media platforms. It measures, not only the number of comments posted by consumers on the internet, but also sentiment – whether these posts are positive or electronegative.
Results are based on comments posted by consumers on the major UK banks including: Lloyds TSB, HSBC, Halifax, NatWest, Bank of Ireland, Santander, Barclays, RBS, ING Direct, Clydesdale Bank, Saxo Bank, American Express, First Direct, Bank of Scotland, Abbey, Northern Rock, Northern Bank and Alliance and Leicester.
For more information on the full report, contents and further data click here
Contact
For further information on the UK Banking Social Media Report.
Michalis A. Michael
mmichael(at)digital-mr(dot)com,
tel: +44 751 571 0370
http://www.digital-mr.com
About DigitalMR
DigitalMR understands what people think and feel when they share views online. It is a specialist agency which provides a holistic approach to web based market research. It specialises in utilising social media research, especially active web-listening, and online communities to enhance its business consulting approach. The agency has pioneered new methods in online focus groups alongside tools such as video diaries, bulletin boards and online ethnography. DigitalMR is headed by founder and Group MD, Michalis Michael and has offices in London UK, Nicosia Cyprus, and Columbus Ohio, in the US.
About SocialNuggets
SocialNuggets technology delivers real-time offer intelligence for fast moving industries by analyzing data from assorted social media sources with a mission to liberate social media data and sentiment analysis for use in real-time research of brands, products and features. SocialNuggets presented ready to use market intelligence for various industry verticals including consumer electronics and banking. SocialNuggets data is delivered in bite size, ready-to-consume, infographics and is also available in the form of a full access to our data warehouse for analysis and integration with customers’ data. SocialNuggets, a Serendio company, was founded in 2011 with headquarters in Santa Clara, CA. For more information, please visit http://www.SocialNuggets.net
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