Welcome Friday 30th July 2010 22:50

News in Detail

Money Advice - debt charities express fears

Monday 2nd June 2008 - 22:59

Money Advice – Debt charities express fears

Debt charities are worried about the increasing levels of debt. Debt consolidation loans and debt management plans are one way of reclaiming your finances, and your life.Debt consolidation loans are increasingly more popular as debt tightens its grip on the UK consumers. Debt consolidation loans and debt management plans allow people in debt to put all their debts into one affordable repayment. As such, debt consolidation loans and debt management plans offer a chance for households and individuals to reduce their outgoings and claw back their bank balance. But too many people are not taking immediate action over their debt and disregarding the need for Money Advice and financial advice

Debt consolidation – the first step to financial freedom

According to leading debt charities, the number of people in the UK reporting debt problems is rapidly increasing:
  • The amount of people having problems paying gas and electricity rose by a third last year.
  • Council tax concerns were up 25%
  • Telephone debt worries increased by 19%
The rise in inquiries suggests an increasing number of people struggling to juggle with loans, overdrafts, credit and store cards and other debts. Every day living costs are falling behind, leaving many home owners at risk. For those people who rent, it can leave some vulnerable groups such as pensioners with life-or-death decisions during winter – such as whether to put the heating on or not. Debt consolidation is one way of getting your debts under control so you can work towards building a financially rosier future to safeguard your retirement.

Debt consolidation loans and debt management plans – Making debt manageable again

As utility bills soar, oil prices have reached an all-time high, costs of running the household is increasing and mortgage loans are becoming more expensive, it’s never been so expensive to meet day-to-day living cost. If you’re already struggling with debt, it doesn’t take long for it to rapidly increase – a debt consolidation loan or debt management plan will help you get on top of your existing debt problems and help you budget your monthly finances. Research shows that mortgage repayments are not £5,000 a year more on average, pushing many families to the brink. Escalating costs are very worrying for those on a fixed income. As the Daily Mail reports those worse affected are those in heavy debt who may be turned away by lenders if they are seeking to borrow more to manage debt. Money Advice for consumers is more important now than as the sooner people re-act the better. Pro-active debt advice is better than re-active.

Speak to Money Advice Group for debt consolidation and debt management solutions.

Money Advice Group Ltd is a total debt solutions company helping people 1000’s all over the UK. We speak financial sense. We will allocate you a friendly advisor who will chat through your current situation and formulate a plan for you without obligation. Let us work out a financial solution based on your individual circumstances. It’s our aim to help everyone who contacts us. With debt solutions from debt management and IVAs, mortgages & re-mortgages, secured & unsecured loans and advice and information for debt consolidation, bankruptcy, sequestration and Trust Deeds, we can help. It really is worthwhile giving us a call or apply on line today for a confidential review with one of our friendly advisors. Call FREE on: 0800 280 0492 or contact us at info@moneyadvicegroup.co.uk

« Back to archive