July, 2009

Debt advice required as economy shrinks

News that the UK economy is set to continue shrinking in 2009 has caused concern amongst financial advice specialists. They are worried that there could be a large increase in the need for debt advice from hard up consumers, and at a time when the system is already struggling to cope.

According to figures released by Ernst and Young, the economy will shrink by 4.5% during 2009, the largest fall in more than 60 years. Their forecast is worse than the official government prediction of 3.5%.

The last few months have seen a lot of changes. For many years the country was enjoying a boom, with house prices increasing every month and credit had never been easier to come by. These situations lead to a lot of consumers getting into financial difficulty, by borrowing more than they could reasonably afford.

Now that the credit crunch, and resultant recession, has turned everything upside down a lot of financial casualties have been left in its wake. The main problems are related to excessive mortgages, as well as high interest loans and too much credit card debt.

Many economists are making gloomy predictions for the future, and believe that the worst may not be behind us yet. Some analysts are of the opinion that the UK could experience a \”double dip" recession, where we see the economy improve and stabilise, before shrinking again.

The banks were blamed for much of the current stagnation; as they were accused of not lending enough money to stimulate the economy back into growth. There was also a warning concerning the economic threat of swine flu. The worst case scenario is an extra contraction in the economy of 3% this year, attributed to the illness, followed by a shrinking of 1.2% next year.

The only hope for a quick recovery could be an expansion in world trade that could be exploited by UK exporters whilst the pound is weak.

Lenders urged to cut mortgage rate to ease homeowner’s debt management issues

Banks and building societies have been urged to cut their mortgage rates to help the debt management of customers, after the Libor rate fell below one per cent for the first time.

The rate at which banks and building societies lend to each other, known as the Libor rate, dropped to the lowest level for over twenty years, meaning lenders have never been able to borrow money so cheaply.

Despite this, homeowners haven’t benefited with many mortgage rates actually increasing in recent months, adding to the debt problems of homeowners.

Debt advice organisations have urged lenders to reduce their rates in line with the drop in Libor, to ease the debt management worries of homeowners whose finances have come under increasing pressure with higher living costs.

Ivan Cooper, Chairman of the UK’s leading debt management organisation Chiltern, said: “Many lenders are being \”unfair" to homeowners by refusing to cut rates, which could threaten a recovery not just in the housing market but the wider economy too.

“If rates were dropped, homeowners would have more available income to boost the economy or put towards easing their other debt problems – as we have found these are suffering too with the lack of available money.”

Some of the biggest culprits are the ones owned, or part-owned by the government including ‚Äö√Ñ√Æ Lloyds Banking Group, Halifax and Northern Rock. None of these lenders currently offers a tracker rate mortgage below 3.25 per cent, even though they were handed billions by taxpayers to save them from collapsing.

After it was disclosed that they were pushing-up prices of fixed-rate mortgages to their highest level ‚Äö√Ñ√Æ relative to the Bank of England rate ‚Äö√Ñ√Æ for at least 20 years, banks were accused of \”ripping off" customers.

This is because lenders have been able to increase their profit margins as borrowing costs have fallen and mortgage rates have risen, which has angered some mortgage experts.

Head of the Financial Inclusion Centre think tank, Mick McAteer, said: \”Banks have been using the cuts in the Bank of England rate to increase their revenues by billions.

\”There is a basic lack of competition and they have a stranglehold. People are paying more than they should for credit cards and overdrafts as well."

This means that overdrafts and credit card debts may well continue to rise, and mean that the debt problems continue for some time – rather than sparking a recovery as the drop in Libor is supposed to do.

Debt help organisations recommend seeking impartial debt advice as soon as you feel that finances are running away from you and have highlighted these warning signs to look out for:

‚Äö√Ñ¬¢ Poor debt management – using credit cards to buy fuel, food or to pay bills
‚Äö√Ñ¬¢ Adding to debt problems – going further into the red each month
‚Äö√Ñ¬¢ Overstretching – spending more than a quarter of your income to service unsecured balances (overdrafts, personal loans, store cards and credit card debts).

If any of these applies to you or you feel that you're struggling with your finances, you may benefit from a debt help solution ‚Äö√Ñ√¨ like a Debt Management Plan (DMP) or an Individual Voluntary Arrangement (IVA).

These enable you to regain control of your finances whilst still repaying personal loans, overdrafts and credit card debts.

For free and impartial debt advice, or for further information on Debt Management Plans (DMPs) and Individual Voluntary Arrangements (IVAs), please call the number at the top of this page.

0 comments on this article Posted by Steve Shaw in Blog - Money Mole on July 16th, 2009 .

Recession sees increase in Debt Management and IVA cases

There has been a sharp increase in the number of consumers signing up for Debt Management Plans, or entering into an IVA, since the start of the recession.

The real problems began a long time before the credit crunch hit. Whilst the UK was enjoying something of a boom that just seemed to go on and on, people continued to spend more and more. Employment opportunities were plentiful, and house prices soared, giving people confidence and making them feel wealthier than they really were.

When the global financial meltdown struck, the house of cards collapsed. All of a sudden, people were beginning to loose their jobs as companies struggled to survive the downturn. Then house prices collapsed, cancelling out all of the equity growth from the last five years. Suddenly people were not so well off anymore.

The bills still have to be paid. A lot of consumers accrued massive debts, during the good times, on personal loans, credit cards and store cards and for many these are now unaffordable. Many consumers have turned to debt specialists in an effort to deal with their financial difficulties.

Debt Management Plans and IVAs are a way of consolidating and reducing debt repayments, without having to borrow money by way of a consolidation loan. They are designed to help people that are really struggling with their repayments, and can offer a financial lifeline to many. Consumers have been signing on to these programmes in record numbers, and the rush does not look like it's going to end anytime soon.

If you are suffering with serious money worries, then it is best to seek advice now, before things get any worse.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 16th, 2009 , tagged with debt management, iva.

Almost 90% of young adults worry about debt problems

Around ninety per cent of young adults said they feared debt problems, if they were to lose their jobs in the current economic climate.

The study by the BBC found that 88% of adults aged between 25 and 34 years old, feared for their finances, saying it would be financially “very damaging” for them or their household if they were to lose their job right now.

With news today of the UK’s unemployment rate hitting a record high of 2.38 million, these fears may be justified.

Debt management organisations have urged people struggling with their finances to seek impartial debt advice sooner rather than later if they feel that they may have underlying issues.

Ivan Cooper, Chairman at the UK’s leading debt management company Chiltern, said: “In times like these, losing your job can have serious consequences on finances, lumbering households with debt problems for years to come.

“Debt management issues often need to be handled by a professional, as they can offer impartial debt advice and recommend a suitable solution to get out of debt quickly.

“We usually find that people leave it too late to deal with their debts, waiting until a credit card has been declined or a cheque bouncing, before seeking debt advice. Whereas by speaking with someone who understands the options available sooner rather than later can usually relieve debt stress sooner and help people to regain control of their finances.”

Reputable debt advice organisations, like The Debt People, Hamilton Locke and Chiltern, can offer impartial debt advice and suggest a number of professional debt solutions to relieve finances.

These include Debt Management Plans (DMPs) and Individual Voluntary Arrangements (IVAs), which enable people whose finances have become overstretched to regain control of their debts whilst still repaying balances.

A Debt Management Plan works by gathering multiple unsecured balances into a single monthly payment. Rather than paying many creditors various amounts throughout the month, one payment is made to the debt management company, thus making finances easier to manage.

This payment is then distributed on the client’s behalf to their creditors on a pro-rata basis (so the creditor that is owed the most receives the highest percentage proportion of the payment).

Reputable debt management companies will also negotiate with creditors, so should also be able to reduce or freeze the interest and charges on accounts.

An IVA is similar to a Debt Management Plan but is repaid over a fixed period of time – which is usually over five years. IVAs also require a qualified insolvency practitioner to draft a legally-binding agreement, which protects you from creditors changing their minds.

With both of these debt management solutions, demand letters and calls from creditors should stop – as contact is done via the company providing the service.

For immediate debt advice, or for further information about Debt Management Plans and IVAs, please call the number at the top of this page.

0 comments on this article Posted by Steve Shaw in Blog - Money Mole on July 15th, 2009 .

Debt Management required as jobless numbers rise

According to figures from the ONS, the Office for National Statistics, the number of people unemployed in the UK rose to 2.261m in the period February to April this year. This is the highest it has been since November 1996. The rise sparked fears that more consumers could be forced into financial difficulty, and may require debt management assistance in order to deal with ever increasing demands on their budget.

Since the start of the recession the number of consumers that have fallen behind with debt repayments has reached record levels. Some of this has been down to irresponsible spending, but in ever increasing numbers, the cause can be attributed to employment difficulties.

The percentage of people that are now out of work, also known as the jobless rate, climbed to 7.2%, which is the highest it has been since the middle of 1997. The number of people claiming unemployment benefit increased by 39,000 during May.

The age group that has been hit hardest by the recession are the 18-24 year olds, where the jobless rate has now reached 16.6%. They will not take much hope from the news that the number of new employment vacancies is also on the decline. The number of new jobs available fell by 35.6% over the last 12 months, from 659,000 in May last year to 424,000 in May 2009.

Many of the people affected by unemployment are finding it hard to make ends meet as they attempt to cope with credit card debt and personal loan commitments, as well as other household expenses. Debt advice specialists recommend that professional help is sought, if maintaining debt repayments becomes an unmanageable problem. The consequences of non-action could be serious.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 15th, 2009 , tagged with debt management, recession.

Deflationary debt problems nearer

Deflation fears were increased today after the underlying inflation rate fell to its lowest recorded level, bringing fears that debt problems may take longer to clear.

According to data from the Office for National Statistics (ONS), inflation as measured by the consumer price index (CPI) fell by 0.4 per cent to 1.8 per cent in June – down from 2.2 per cent in May.

The broader measure of inflation, the Retail Prices Index (RPI), recorded the steepest drop in living costs in over 50 years. Prices were 1.6% down in June 2009 from June 2008.

This means that the Retail Prices Index has now been in negative territory for four consecutive months, and is at its lowest rate since the ONS began keeping records in 1948.

The Government’s target level of inflation was at 2%, so today’s reported fall marks the first dip under this in almost two years.

David Kern, of the British Chambers of Commerce, said: ‘The figures confirm our assessment that in the short-term, the main policy priority must be countering the risks posed by recession and deflation.

“Inflation is a longer-term threat which must be dealt with by a credible exit strategy, but this can only be applied when the recession ends.”

Ivan Cooper, Chairman at leading debt management firm Chiltern, said: “With people increasingly reluctant to spend their money, more and more jobs will be lost – which will only add to the debt problems of those affected.

“The whole country could benefit from some debt advice if we do fall into a deflationary period, as companies will have to cut prices to stimulate demand. If people withhold their money thinking it’ll be much cheaper next week, then even cheaper the week after that, no-one will spend anything and companies will have to cut more jobs to keep overheads down. It’s a self-perpetuating downward cycle that’s best avoided.”

CPI is a measure of the average prices of a basket of typical consumer goods and services used by households. House prices are excluded from the calculations, so unlike the RPI it does not reflect the decline in property prices – reported at approx 20 per cent since their peak.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 14th, 2009 , tagged with debt problems, recession.

“Best-buy” redundancy charges fuel debt problems

If you’ve been made redundant your debt problems could be set to grow, as banks levy charges on accounts for failing to deposit minimum amounts.

The penalty fees are charged on some “best-buy” accounts, if you fail to pay in the minimum amount each month.

These accounts typically offer a favourable rate of interest if customers pay their salary (or minimum amount – of approx ¬¨¬£1,000) into them each month.

But those customers who join the list of unemployed – which is rapidly approaching 3m – may find that the bank adds to their debt management issues by charging a fee for falling short of the minimum monthly amount paid in.

This will only add to the debt problems of those customers who are already affected by the reduced wages, increased living costs and lack of re-employment opportunities.

Ivan Cooper, Chairman of leading debt management company Chiltern, said: “Some customers are being charged up to ¬¨¬£10 per month for experiencing debt management issues following redundancy.

“With some accounts, if you can’t afford to deposit the minimum amount the interest rate on your overdraft will rise by around 4% – so it will take even longer to get out of debt.”

Redundancy could also affect personal finances further when it comes to renewing car insurance. Comparison website uSwitch estimates that a change in “occupational status” will typically bump up insurance premiums by around 20%.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 13th, 2009 , tagged with debt problems, redundancy.

Debt advice for homeowners

More homeowners could find themselves in need of debt advice as news emerged that house prices have fallen for another month.

The decline in property values has led to an increase in the number of consumers that are finding themselves in financial difficulty. Many homeowners thought of the equity in their house as a pension, or savings, medium. Most people regarded this as just about the safest form of investment around, and few people saw the recession coming and the subsequent collapse in house values.

Over the last few years, property equity has helped many consumers to get out of debt. This was usually achieved by remortgaging, or taking out a secured consolidation loan, in order to clear multiple unsecured debts. Now that the equity has all but disappeared, borrowing to solve debt problems is no longer an option. This has left many over-committed consumers with a debt management scheme as their only viable alternative.

According to the Halifax, property prices fell by 0.5% in June with the annual rate of decline now at 15%. They believe that the property market maybe beginning to stabilise after the declines that we have seen over the last two years. The average UK house is now worth just over ¬¨¬£157,700.

The reason for their positive outlook is that the quarterly decline in house values, of 1.9%, is the lowest quarterly fall since the beginning of 2008.

There has been some disagreement as to where the market is heading at the moment. According to the Nationwide, property prices are actually going up. Their figures show that property values have increased in three of the last four months, and are now 6% higher than they were in February this year.

It is hard to see any long term prospect of recovery. With unemployment rising every month and mortgage funds still hard to come by it's hard to imagine that the housing market will re-ignite any time soon.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 10th, 2009 , tagged with debt advice, homeowners.

Debt management clients aided by unchanged base rate

The Bank of England has announced that the base rate of interest will remain unchanged, at 0.5%, for the forth consecutive month. The news was welcomed by debt management specialists, since financial stability and lower mortgage costs will help financially overcommitted consumers.

There are many tens of thousand of indebted consumers that have signed on to a Debt Management Plan, or an IVA, in the wake of the current recession. Anything that can be done to keep their necessity expenses to a minimum can only help them to clear their unsecured debts.

The bank went on to say that they have no plans to increase the quantitative easing scheme, which is where the bank effectively creates money with which to buy bonds in a hope that this will stimulate the recessed economy. The current plan is to inject ¬¨¬£125 billion into the economy, and they are only ¬¨¬£15 billion short of achieving that aim. It was widely thought that the Bank's Monetary Policy Committee would extend the scheme up to ¬¨¬£150 billion, without consulting with the Treasury; however it appears that this is not the case.

The bank did not extend the quantitative easing scheme this month because they want to see if the scheme has had any effect on the economy. The British Chambers of Commerce (BCC) was unhappy about the decision, and thought the bank should have used the extra money that it has available as an economic stimulus. The BCC called for the government to extend the scheme up to ¬¨¬£200 billion.

Earlier in the week, the BCC business group said that the UK has now seen the worst of the recession, but added that talk of the green shoots of recovery was perhaps a little premature. The latest official figures showed that the UK economy shrank by 2.4% in the first quarter of 2009, which is a record for more than 50 years.

In addition to this, the jobless total rose to 2.26m in the period February to April, which is the highest it has been since the end of 1996.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 9th, 2009 .

Debt advice specialists welcome cheque guarantee limit

The HSBC bank has announced that it is to reduce the cheque guarantee limit on selected debit cards. This is likely to affect around 300,000 customers of the bank, who will see their card guarantee limit fall from ¬¨¬£250, down to just ¬¨¬£100. The move was welcomed by debt advice specialists, who see this as the removal of an unnecessary temptation; one that has caused consumers to spend irresponsibly in the past, and end up in financial difficulty with an unmanageable overdraft.

The Bank said that it was talking the steps in order to reduce the number of customers getting into debt and also to cut its losses on cheque fraud.

The banking industry plans to phase out the cheque guarantee system in around two years time. Already many retailers refuse to accept cheques in exchange for goods and services, and last year only 7% of cheques issued were covered by the guarantee scheme.

Around 88% of all customers in the UK have cheque cards with limits of ¬¨¬£50 or ¬¨¬£100 only. The HSBC is targeting the reduction in cheque guarantee limits at those people that had requested an increase in their limit in the past.

The move could stop some consumers from becoming overcommitted. A cheque book containing 30 cheques, accompanied with a ¬¨¬£250 guarantee card, allows the user to rack up a ¬¨¬£7,000 overdraft, without having to request it. By reducing the guarantee to ¬¨¬£100 per cheque, this reduces the potential damage to an overdraft of just ¬¨¬£3,000.

Consumers get into financial difficulty for a number of reasons. Sometimes it's irresponsible borrowing on the part of the consumer, and sometimes it can be down to a change in circumstances, such as the loss of a job for example. In many cases it's down to irresponsible lending from the banks, by simply making borrowing money and getting into debt too easy.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 8th, 2009 , tagged with cheque guarantee limit, debt advice.

IVA help needed as investments fall

There has been a sharp increase in the number of consumers seeking IVA advice, in the wake of the current recession.

Over the last decade, the UK has enjoyed something of a boom. The value of property has increased at record levels, creating enormous pots of wealth for many people, in exchange for no work whatsoever. The word used to describe this new wealth is \”equity", and many people have made the twin mistakes of believing that it will continue to forever increase and that it will last forever.

Neither of these things has turned out to be true. Since the global credit crunch, the value of houses has collapsed, and in a few short months the equity has all but disappeared.

Another investment medium that we all thought was as safe as houses was the stock market, which like property has been on an upward march for the last decade. The collapse of the banks, along with numerous other financial institutions, soon put paid to that, and now many investors have literally lost their shirts.

The net result of all of this is that people are a lot worse off than they were, and raising finance has become a lot more difficult than it was. This has had a knock-on effect in the debt management industry, where previously debt consolidation loans were the first port of call for the overcommitted. Now that this option has vanished, the hard up consumer is left with a Debt Management Plan, or an IVA for higher debt levels.

IVA advice can make the difference between total financial collapse leading to bankruptcy, and finding ones way through the nightmare of debt and emerging still in one piece. Typically an IVA will allow debts to be gathered together into a single, affordable payment and cleared over a set period; usually five years. It is recommended that professional advice is sought before any decisions are made and all IVAs must be nominated and supervised by a qualified Insolvency Practitioner.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 7th, 2009 , tagged with investments, iva help.

Unemployed increase pressure on debt advice specialists

The number of people unemployed in the UK increased by nearly a quarter of a million, during the first quarter of this year, to reach 2,220,000.

The figures released by the ONS, Office for National Statistics, showed that the jobless rate increased from 6.7% to 7.1%, and the number of people making unemployment benefit claims, during April, was up by more than 57,000 to reach 1.51 million.

The figures have caused concern amongst debt advice specialists, who are already struggling to deal with record numbers of consumers that are in financial difficulty. Since the start of the recession, many people have been hit hard financially, and are struggling to make ends meet.

Tens of thousands of people are behind with repayments on loans and credit cards and are in need of help programmes, such as a debt management plan or an IVA, in order to get then back on track.

The three month rise in the jobless rate was the biggest quarterly increase since 1981. News that unemployment is still rising, and is expected to keep going up for the foreseeable future will cause worry to a highly overloaded debt advice sector.

Many businesses are having difficulty keeping their heads above water, in these troubled financial times. The solution for many companies has been to reduce the cost of labour by reducing, or freezing, wages or by cutting the size of the work force with redundancies. Companies in a more precarious position are faced with the realistic prospect of having to shut up shop for good, leaving all of their staff out of work, and facing a gloomy future.

Debt advice specialists are urging consumers with financial difficulties to act sooner rather than later. They are recommending that help and advice should by sought, before things get out of hand and the only alternative left is insolvency.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 6th, 2009 , tagged with debt advice, unemployed.

Debt advice sought as defaults increase

A survey by the Bank of England has revealed that the number of consumers that are defaulting on loan repayments has increased, and is expected to keep on rising over the coming months.

The figures were gathered together from a poll of UK banks and building societies, and the picture that was revealed was a fairly gloomy one, as more people are now unable to afford payments on mortgages and other debts.

The poor economic situation, coupled with rising unemployment, was the main driving factor behind the rising figure. Record numbers of consumers are seeking debt advice, in a bid to avoid complete financial collapse, and signing up for Debt Management Plans or IVAs.

The figures also showed that lending to businesses had not increased in line with expectations during the last quarter, with many banks facing criticism from corporate leaders for the lack of available funding. In answer to this, the banks are confident that the availability of credit, for business, will increase during the next quarter.

The next three months could be interesting, with predictions that secured borrowing is likely to increase, whereas the financial institutions are expecting a fall in the uptake of unsecured personal loans and credit card debt.

The banks that are most likely to increase lending levels in the near future are those that are part government owned, in an effort to boost the economic recovery. A quick return to the lending levels that were seen before the credit crunch seems very unlikely.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 3rd, 2009 , tagged with debt advice, iva.

Cheque ban could avoid debt management

The government will today unveil its consumer protection plans that will include a ban on credit card cheques.

One of the main contributory factors to severe debt problems is too much credit card debt, and credit card cheques have simply made it far easier for a consumer to rack up big bills. Critics of the cheques have been demanding a ban for years, saying that they are simply a ploy by the banks to encourage people to use their cards more.

Inevitably, the people with the least self control will end up in severe financial difficulty, when they start using credit card cheques to pay normal house hold bills.

Removing the temptation could help some consumers to keep a tighter reign on their finances, and they may be less likely to end up with an unmanageable situation. This could help some consumers to avoid insolvency, or having to sign up for some sort of debt management plan.

The government is also planning to announce how it will help people facing debt problems, and measures that will help consumers avoid being conned by rogue traders during the recession. Historically, an economic downturn is usually accompanied by a boom in cons and scams, as desperate individuals search for an easy way to make a fast buck.

The announcement may be a little late for some people, since the Bank of England figures show that UK residents owe ¬¨¬£233 billion on personal loans, overdrafts and credit card debt.

The government is expected to look at ways to make lending practices more responsible. In light of recent research from Uswitch, which stated that 20% of card holders saw their credit limits rise over the last year when they had not requested it, the government needs to act sooner rather than later.

0 comments on this article Posted by Steve Shaw in Debt Management News on July 2nd, 2009 , tagged with credit card debt, debt management.

Jacko’s debt management under scrutiny

After the weekend’s shocking news of Michael Jackson’s death, his debt management has come under the microscope as the lawyers unearth shocking debt problems.

Following his swift exit, lawyers were set to divide his estate between his family and three children, but whilst sifting through his accounts huge debt problems have been discovered.

It seems Jacko ignored the first rule of money – don’t spend more than you earn.

Despite amassing a multi-billion dollar fortune, Michael Jackson spent an even bigger amount, frivolously lavishing his money on shopping sprees and maintaining his Neverland ranch.

Debt management was something that Jackson could have concentrated more time and energy on, as despite his record “Thriller” being the best-selling of all time (selling over 104 million copies), he still only narrowly escaped Neverland from being closed.

At first his debt problems were undiscovered, as he shrewdly outbid Paul McCartney for the Beatles back catalogue in 1985 (worth millions in royalities). However it was reported that he was forced to merge ATV with Sony’s song library and offload its music publishing rights to raise some much-needed cash a decade later.

Once he’d spent that money, he then needed to put up his share of the ATV assets as collateral in exchange for $200 million in loans from Bank of America.

Various reports in the media estimate that he owed between $400 million and $500 million at the time of his death.

But these reports of Jackson’s financial affairs shouldn’t surprise anyone who remembers the 2005 trial he faced, where his finances were made public.

During the trial for child molestation charges (of which Michael Jackson was acquitted) a forensic accountant testified that he blew $20 to $30 million more per year than he brought in.

Debt advice organisations hope that the finances of Michael Jackson will prompt people to look at their own affairs more closely.

Ivan Cooper, Chairman at leading debt management company Chiltern said: “Even for celebrities with the potential to earn millions, there is the risk that they can overspend.

“When that happens it’s inevitable that debt problems will occur – as the credit will dry at some point. It’s always better to seek impartial debt advice sooner rather than later, before any debt management issues have chance to develop.”

Reputable providers of debt management help include Hamilton Locke, The Debt People and Chiltern. These companies offer a range of debt help solutions that can help you to regain control of your finances whilst still repaying unsecured debts – like personal loans, overdrafts and credit card debts.

For free and immediate debt advice, or for further information on a range of debt help solutions, please call the number at the top of this page.

0 comments on this article Posted by Steve Shaw in Blog - Money Mole on July 1st, 2009 .

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