TweetShareBritain’s indebted children are relying on their parents as a debt solution, according to the latest research from MoneyExpert.com. Some 40 per cent of parents have been called upon to offer their children some form of assistance with their debts, with the likes of mobile phone bills, car finance and credit card bills all needing [...]
Archive for September, 2007
Parents ‘helping out kids in debt’
by News Team on September 20th, 2007
Greater education needed on debt, expert says
by News Team on September 19th, 2007
TweetShareNational money education charity Credit Action has called for greater financial education to help people with debt management or to stay debt free. The organisation’s deputy director, Chris Tapp, said that while further regulation is not necessarily the way to reduce consumer indebtedness, financial education could help people avoid the need for a debt solution [...]
IVAs ‘let indebted start again’
by News Team on September 19th, 2007
TweetShareIndividual voluntary arrangements (IVAs) give consumers who have struggled with debt an opportunity to start again, according to the Insolvency Practitioners Association (IPA). The IPA has said that the arrangement between debtors and creditors as a debt solution is a formal agreement that can help indebted parties get their life back on track. “Hopefully it’s [...]
Keep checking credit report, experts advise
by News Team on September 19th, 2007
TweetShareConsumers have been advised by an industry expert to keep an eye on their credit report in the wake of the credit crunch. Jim Hodgkins, managing director of CreditExpert.co.uk, has said that it is important those who are not debt free closely monitor their credit commitments and their credit files due to the likelihood of [...]
Prepaid cards ‘avoid need for debt’
by News Team on September 19th, 2007
TweetSharePrepaid credit cards can help people stay debt free, according to Tuxedo, a company that offers such a product to the market. One of the benefits of using such a card is that no debt is taken on, according to the firm’s chief executive, suggesting it is possible to remain debt free while enjoy the [...]
Spread betting ‘carries financial risks’
by News Team on September 18th, 2007
TweetShareThere are risks associated with spread betting as with any other form of trading, according to the chairman of a bet broker and clearing house. Wayne Lochner, chairman of Betbrokers, said that there will always be people that struggle as a result of spread betting, suggesting debt management problems could arise, but he added that [...]
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