Consumers could be wasting as much as £1 billion every year because they are not on the most suitable energy tariff, a consumer finance website has said. According to the Motley Fool’s poll, 46 per cent of households have never…
Commenting on the collapse of Farepak, which was meant to offer a Christmas debt management plan, the members of the Scottish parliament said that other options could be better. Dr Elaine Murray MSP, said: “[Credit unions] can make loans available…
Continue reading the "Credit unions recommended for debt management" »
According to credit reference agency Callcredit, four per cent of people have such poor debt management skills that they do not how they will pay for their spending this season. In addition, the amount of people expecting to spend over…
Continue reading the "More people don’t know how they’ll fund Christmas" »
Comparing the best to the worst saving, insurance and other financial products, the website found that during the third quarter of 2006, the average consumer could save £3,976.02, up £167.24 on the same figure the previous quarter. “At this time…
To many, this may seem a very early start, but moneyfacts.co.uk states that many high-interest regular saver accounts are fixed for 12 months, so now is the right time to start planning for next year. Rachel Thrussell, head of savings…
Energywatch, the gas and electricity watchdog, said that one customer suddenly owed £853 to their supplier as the token meter had not had its prices reset since 2003, negating the supposed debt management benefits of such meters. Adam Scorer, energywatch…
Continue reading the "Energy meters pushing people into debt" »
According to Moneyextra.com, there is still time to switch credit card debt to interest free offers to ensure that Christmas debt management starts early. “Your credit card is not just for Christmas, but with an average spend jumping 22 per…
Continue reading the "Hurry up to avoid a Christmas hangover" »
David Kuo, head of personal finance at the financial comparison website, said that people are signing up to loans without thinking through the full consequences and total repayment. “Consumers need to focus carefully on the true cost of any purchase,…
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