Through the new Payments Industry Association, access, innovation and governance in the cheque industry should be improved and benefit customers. Jonathan May, the Office of Fair Trading’s chairman of the Payment Systems Task Force, which is also involved in the…
PricewaterhouseCoopers warns that an annual fee of £35 could be introduced, something that David Kuo from the Motley Fool believes will lead to more debt management problems. “Some people wouldn’t be able to move their credit card balance anyway, simply…
Licensed insolvency practitioner Philip Beck said that there are debt management experts out there worth consulting as taking out an IVA is “not a quick way out”. Instead, bankruptcy is the “quick way out” but entails negative effects that will…
According to Richard Dodd, spokesman for the BRC, December spending is likely to reach £30 billion, with £12 billion of that related to Christmas. This marks a potential 10 per cent rise on last year. While saying that the BRC…
Continue reading the "Christmas spending up to 10% more this year" »
Philip Beck, a licensed insolvency practitioner, said that a rise in insolvencies would be due to poor pre-Christmas debt management. “Typically, people tend to put off debt problems until January because they want to have one last Christmas spending spree,”…
According to Liverpool Victoria, it now costs £180,137 to raise a child from birth until the age of 21, with care and education being the biggest debt burdens. Nigel Snell, Liverpool Victoria’s communications director, urged proper debt management to ensure…
According to moneysupermarket.com, nearly £200 can be wiped out from energy bills by switching to an online tariff as part of a debt management plan. Paul Schofield, head of utilities at the price comparison website, said: “Energy companies used the…
Continue reading the "Consumers urged to go online to reduce energy debt" »
Apacs added that once cash and cheques are taken into account, December’s projected debt figure rises to £51.6 billion, a 6.6 per cent increase on the 2005 figure. “Overall our penchant for plastic continues and it looks as though this…
Continue reading the "Christmas plastic debt set to reach £32bn" »
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
