As well as being the day of the week which many people look forward to the most, a recent study has revealed that Saturday is also the time where consumers are most likely to splash the cash.

In research carried out by the Co-operative Bank Credit Cards, it was revealed the typical Briton will spend just under 175 pounds on this day of the week. This spending - which ranges from areas such as clothes and food to parking and make-up - accounts for some 9,077 pounds over the course of a year. Spread over a lifetime expenditure on this time on this day will come to more than 549,000 pounds.

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A consumer armed with their 3-1 credit report will save more money than one whom does not have any idea what is on it. Creditors love an uneducated consumer when it comes to borrowing money. Did you know a bank can charge a rate between 1% to 4% difference depending on how aware you are of the market and your creditworthiness? They are in the business of making money just like any other company. This type of difference can be the same for any type of loan, insurance, and even credit cards. If you are walking out there with credit report blinders on, I guarantee that you are paying too much on rates and terms.

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