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Debt Help and Advice - On the breadline

Sunday 15th June 2008 - 09:44

Debt Help & Advice – On the Breadline

Debt Consolidation & Debt Management strategies mean more UK consumers are reducing luxury take-outs and trading luxury for bread and butter.Debt Consolidation and Debt Management has fast become the “buzzwords” as more victims of the credit crunch are identified. Switch on the TV, open a paper, or go online and it’s difficult not to witness another family facing repossession, struggling with mortgage hikes, falling into negative equity and finding it hard to maintain payments to creditors. Debt Consolidation plans and Debt Management is serious business – Providing UK consumers with the right debt help & debt advice to help people stay afloat, avoid repossession risks, and find an exit route to financial freedom.

Debt Management – changes to Lifestyle

Debt Management and Debt re-structuring has become so fundamental that a large proposition of UK consumers are re-examining their day-to-day spending and thinking twice before committing to credit and “ad-hoc” spending. Annual holidays are being sacrificed and spending on non-essential items and daily/weekly treats is being subdued. So much so, that in a recent news report (from the news agency Reuters) stated that the Friday night take-away is in line for the chop as consumers tighten their financial belts (although this could be good news for their waistlines too!). Debt Management has become a high priority for households up and down the UK as the impending recession creates consumer nerves. A recent poll by a leading financial website found that nine out of ten UK consumers will reduce spending on non-essential items in response to the threat of looming financial meltdown. The worry for Financial Advisors is that with the looming threat of recession UK consumers can sometimes spend time watching what happens and follow a reactive approach when the advice is to act before its to late.

Debt Consolidation and Debt Management Advice: Dwindling Consumer Confidence

More Brits will take debt help and advice steps and follow more UK consumers in to Debt consolidation plans and Debt Management as a recent poll found:
  • Two-thirds of UK consumers will cut back on take-away dinners such as curry, fish and chips and kebabs
  • 67% will take control of their shopping by curtailing retail therapy sessions
  • Debt management strategies include fewer holidays for 49% of consumers
  • For more financial wealth, and better health, 12% plan to quit smoking
  • More people will look to walk rather than drive to reduce car running cost
Debt Consolidation plans and Debt Management strategies include finding ways of reducing outgoings and taking steps to safeguard the future, such as setting up savings accounts, transferring utility suppliers and good old fashioned penny pinching. For many in the UK already struggling with debt consolidation and debt management strategies, these kinds of cut-backs are already common practice; the average working family in the UK has less disposable income than they had ten years ago and more personal debt. Debt help and advice has never been so available and for a no obligation chat speak to an advisor today on 0800 280 0492 or visit Money Advice Group Complete Financial SolutionsAccording to the report by Reuters, debt consolidation strategies and debt management plans have never been so urgently needed: personal debt is growing at a whopping rate of six million pounds every 1 hour. Every last penny we have has to be accountable and fight its corner as we’re being squeezed from all directions. Anyone with an effective debt management plan will know that a tight budget is the best way to survive the looming economic crisis.

Speak to Money Advice Group for debt help & advice on debt consolidation and debt management solutions.

Money Advice Group Ltd is a total financial solutions provider helping thousands of people all over the UK each week. 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 and Trust Deeds, we can help. It really is worthwhile giving us a call or applying online today for a confidential chat with one of our friendly advisors. Call FREE on: 0800 280 0492 today 

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