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New parents 'need to address debts'
People will need to address any major debts they have before having a baby, it is believed, which might interest those who have personal loans to pay back.
It may be a good idea for women to take steps to try and pay off their large debts before their new child is actually born, Gunjan Mehra commented in an article for the Money Times.
Credit counsellors could help people to attempt this in the near future, the writer pointed out.
The writer stated in the article: "A gigantic debt is the last thing that you would want when your little one arrives. So get rid of it now."
Meanwhile, the commentator also discussed some of the costs that may apply once people have babies.
Expenses relating to the delivery itself may be one factor that mothers have to think about, they noted.
When it comes to personal finance, Mark Bower, managing director of moneymaxim.co.uk, recently suggested that weak interest rates might be causing financial problems for older members of the public.







