TweetShareComparison sites have been highlighted as providing a poor service for those searching for financial products, a new survey has revealed. According to Which? Money, average customer scores for such web pages are lower than any other financial sector the watchdog has reviewed, with no site achieving more than 50 per cent. This is due [...]
Archive for November, 2009
Comparison sites may not help debtors, research shows
by News Team on November 18th, 2009
YouTube ‘to help’ debtors
by News Team on November 18th, 2009
TweetShareOnline video hosting network YouTube is being used increasingly by independent financial advisors (IFAs), a move that is likely to help debtors access information and counsel more easily. According to Philip Calvert, the founder of social networking site IFA Life, video is to become a key factor in the industry, assisting financial professionals in enhancing [...]
Mortages for debt consolidation “rarely a good idea”
by News Team on November 17th, 2009
TweetShareThe use of mortgages for consolidation of unsecured, short-term debt has been derided as “rarely a good idea” by a financial website. According to Money.co.uk, by doing this debtors risk putting their homes in jeopardy if repayments on the mortgage cannot be met and such a route should be considered an “absolute last resort”. The [...]
Debtors ‘hampered’ by council tax
by News Team on November 17th, 2009
TweetShareThe amount of council tax charged to UK residents has doubled since Labour came to power in 1997, which may have had a hand in the debt management problems of many in the country. According to the Daily Mail, the total amount collected for this tax was £10 billion but this has now climbed to [...]
First-time buyers ‘experiencing difficulties’
by News Team on November 16th, 2009
TweetShareA number of first-time buyers are struggling to get onto the property ladder as they are finding it hard to amass deposits. This is according to Helen Adams, managing director of FirstRungNow, who observed that, although the rise in mortgage numbers appears to be a sign of recovery, it is still “extremely difficult” for first-time [...]
Family Action: Energy companies must help vulnerable families
by News Team on November 16th, 2009
TweetShareBritish charity Family Action has called on energy companies to help vulnerable families from falling into debt by passing on more of their profits. Chief executive of the trust Helen Dent noted that the organisation is continuously hearing from low-income families regarding the “stark choices” they have regarding household spending and their worries about getting [...]
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