Effective debt management is important for homeowners going through difficult economic times, one financial organisation has said. First Direct, a division of HSBC, has offered advice on becoming debt free which could enable consumers to make the most of the…

Debt is still the most common enquiry received by the Citizens Advice Bureau, the organisation revealed today. The volume of debt-related queries from April 2008 to March 2009 increased by 11 per cent on the previous year, amounting to 1.93…

Consumers should contemplate fixed-rate savings accounts during the current economic climate, suggests one comparison site. Financial planner for Fairinvestment.co.uk Sharon Bratley implied that with the current Bank of England base rate it may take some time before other options become…

Personal debt in the UK reached £1,459 billion in April 2009, according to statistics released by one charity. Credit Action compiled figures earlier this month that revealed the average household owes £58,370 including mortgages. Individual debt stands at £30,500 per…

People who regularly use an overdraft are more likely to be in debt and should seek alternative debt solutions, one charity has suggested. The Consumer Credit Counselling Service (CCCS), which offers independent advice for those in financial difficulties, has implied…

Consumers have been urged not to forget about the importance of handling debt management during the summer. It came as a survey from National Savings & Investments showed that while people save on bills during the summer months, they are…

People with debt management problems should not turn to loan sharks for help, one expert has said. Beccy Wilks of the Money Advice Trust recommended that those who need to clear debt quickly seek guidance from independent organisations, which will…

Consumers are becoming more cautious about credit and debt, according to one expert. Building Societies Association director-general Adrian Coles stated that people are considering the implication of losing their jobs and wondering whether they should be watching their outgoings carefully.…