Archive for March, 2007

TweetShareHowever, the Office of Fair Trading (OFT) has disappointed some of those consumers facing debt management concerns by indicating the process will not be complete until towards the end of 2007. Pricing and charging practices among British banks are seen as part of the reason behind the extent of the country’s debt management worries by [...]

TweetShareIll-informed decisions about which financial packages to take out and how to handle a debt management problem can often make a bad situation worse, Derek Oakley, from Debt Free Direct, suggests. The personal finance expert also claims that there are instances of advertising actively encouraging people who are already facing serious debt management trouble to [...]

TweetShareAnd the ongoing efforts by the organisation to stress the need for such a service have been backed up today by a work and pensions select committee report presented to the government. In its latest report, the committee suggests the government will need to create a national financial advice service or face the possibility of [...]

TweetShareThe work and pensions select committee suggests in its latest report that the personal accounts system, which was proposed in a government white paper last December, would need a national financial advice service to ensure its success. However, with millions of people facing debt management troubles across the country, the government has no idea how [...]