Consumers can make themselves debt free significantly quicker by increasing the size of their repayments, an online comparison site has suggested. Moneysupermarket.com gave the example of a consumer owing £1,000 on a 16.9 per cent APR credit card, stating that…
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The Citizens Advice Bureau (CAB) has issued a warning to consumers about unsolicited phone calls from debt management firms. Teresa Perchard, director of public policy at the information charity, claimed that such cold calls can be misleading, particularly when agents…
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The amount of people needing debt help is set to rise this year as job losses increase, it has been predicted. Joseph Surtees, a policy and research officer for the Consumer Credit Counselling Service (CCCS), said that the charity is…
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A new scheme being launched by Nationwide and Citizens Advice is set to teach people how to effectively deal with debt management. The MoneyActive programme, unveiled today (May 13th) at an event at the House of Commons, will provide 100,000…
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Britons are risking future debt management problems by cutting down on their insurance, it has been warned. Graeme Trudgill, technical and corporate affairs executive for the British Insurance Brokers’ Association (Biba), revealed that many members have seen customers scaling back…
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Prepaid cards can help people with debt management as well as offering enhanced security against fraud, it has been claimed. Chris Reddish, chairman of Prepaid International Forum, explained that as the user can only spend money that has been placed…
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Many low-income households could face debt management problems if the minimum wage is frozen due to the recession, it has been suggested. The Trades Union Congress (TUC) has urged the Low Pay Commission (LPC) to consider the hardship that poorer…
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Going green could help homeowners achieve their goal of becoming debt free, one expert has advised. According to a survey by uSwitch.com, 75 per cent of households could benefit financially by implementing environmentally-friendly energy saving measures around the home. Andrew…
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