Otto Thorseen told a conference in London that a variety of partnership arrangements and pilot programmes will aim to develop an effect strategy to help consumers handle their money more effectively and avoid debt management disaster. And Mr Thorseen indicated…

According to the organisation’s own research, one in five consumers who do assess their credit card reports finds that mistakes have been made and this can often lead to debt management problems. Which? explains that credit-scoring systems affect the interest…

Paying off as many debts as possible would be a good starting point for a financial restructuring and cutting out unnecessary expenditures could limit the impact of an increase in the base rate of interest, suggests the price comparison service.…

Banks are obliged to lend responsibly in line with a regulatory code, but often other credit providers do not behave with the same scruples and consumers can find themselves paying the price, the BBA suggests. And concerns about the debt…

Debt management problems are increasing for many consumers around the country, but figures from Halifax Home Insurance have shown that 61 per cent of people could be making savings by being careful before they wash. And the latest research suggests…

And Ms Pfiefer maintains that homeowners in particular will see their debt management problems increase over the course of the next few months as the Bank of England aims to limit inflation though rises in the base rate of interest.…

However, spokesperson Helen Saxon said that there needs to be “safeguards in place” to stop debt getting out of control, which can lead to people having debt management problems. Ms Saxon added that credit – in the form of people…