Articles Tagged With: Repayments

Debt advice 'sensible for those struggling with credit cards'

Consumers who can only afford to make minimum monthly repayments on credit cards may have debt problems, it has been suggested. Writing for lovemoney.com, Rachel Ronson said these are set at "ridiculously

Credit card regulation 'will help consumers manage finances'

New government regulations on credit cards could help reduce the number of people seeking debt advice, it has been suggested. According to a spokesperson for the Consumer Credit Counselling Service CCCS,

Serious debt 'affects work and life quality'

Falling into serious debt can affect the quality of your life, a new study has indicated. Research conducted by talkaboutdebt.co.uk indicates that 27 per cent of those with major financial concerns believe

Free debt advice 'needed for gamblers'

More needs to be done in terms of offering free debt advice to problem gamblers, it has been reported. Speaking after UK charity Gamrcare reported that debts of up to £60,000 might be common among

Debt advice: Save for unforeseen events

Consumers seeking to avoid running out of money should keep a fund set aside for emergencies, it has been claimed. Speaking to the Australian, Lisa Montgomery, head of consumer advocacy at Resi Mortgage

Prioritising debt 'the best advice'

The best advice for people in debt is to prioritise your repayments, it has been claimed. According to Beccy Boden Wilks, spokesperson for the Money Advice Trust, priority debts are rent, mortgage, council

Credit Action urges caution over debt statistics

Recent Bank of England figures showing that personal debt has reduced in the UK may give a misleading impression, it has been claimed. According to Eoin Hamill, research and policy officer at Credit Action,

Nationwide announces new personal loan rate

Nationwide has announced plans to introduce a new personal loan rate of 7.9 per cent APR typical for loans of between £7,500 and £14,999. The loan is available to existing current account customers

Debt Management Plans

A debt management plan or debt management programme as it is sometimes referred to, is a form of debt consolidation. It is basically a way of consolidating your outgoings into one lower monthly payment without taking out a cash loan.

Individual Voluntary Arrangements

The term IVA stands for Individual Voluntary Arrangement. IVAs are available in England and Wales and can stop creditors from starting bankruptcy proceedings and potentially write-off a proportion of your overall debt.