It’s a thirty business

THE age of 35 now heralds a financial “crunch point”, according to experts.

It’s the peak age at which people are most likely to be juggling the costs of young children with mortgages and loan repayments.

Price comparison site MoneySuperMarket analysed 2.7m credit card and loan inquiries to build a picture of the nation’s key borrowing milestones.

Dan Plant, the site’s editor-in-chief, says: “No matter how old you are, it’s always wise to plan ahead and choose your products carefully before you borrow, to make sure you can afford the repayments.”