Archive for the ‘Debt Management’ Category

TweetShareA Consumer Credit Counselling Service spokeswoman urged consumers to start their debt management plan now in order to have a prosperous new year. “People tend to stick their head in the sand when it comes to Christmas spending and worry about the consequences in the new year,” the spokeswoman told This Is Money. “We expect [...]

TweetShareIn the CreditExpert.co.uk report, 41 per cent of adults said that they were worried about household bills and 11 per cent fewer people now expect to be able to pay their bills. “The recent increases in household bills have hit many people hard and caused them to cut back on their spending,” said Jim Hodgkins, [...]

TweetShareAccording to John Charcol, anyone with a mortgage or loan linked to the interest rate should start their debt management now as a rise is likely, increasing the amount of repayments required each month. Ray Boulger, senior technical manager at the mortgage broker, said: “While an interest rate rise is never good news for homeowners, [...]

TweetShareStandard Life claims that reviewing a customer’s full financial situation is “paramount”, particularly when issuing large loans such as mortgages, or else it could lead to a debt problem. Anne Gunther, chief executive of the bank, said: “As a responsible lender we believe it makes far more sense to look at a mortgage applicant’s full [...]

TweetShareTessa Jowell stated that regulations will benefit consumers while offering help to those whose addiction spirals out of control and leads to a massive debt. One proposal to help people tackle their debt problems is to allow them to sign up for a system that will ban them from online gambling. “Customers must be able [...]

TweetShareLinking up with the Financial Services Authority (FSA), Teachers’ TV will show the Financial Capability programme to build up confidence in money matters for educators and to aid teaching of personal finance. Commenting on the launch of the new series, Vernon Everitt, director of retail themes for the FSA, said: “This collaboration with Teachers’ TV [...]