Debt management weekly round-up

The biggest debt news this week has been the Office of Fair Trading's (OFT) call for more than 100 debt management companies to offer their clients a better deal.

Atlantic Financial Management's Kevin Still welcomed the investigation by the OFT, adding that it's "crucial" that consumers get the best possible debt advice when they're looking at their debt solution options.

In other news, Which?'s debt expert Martyn Saville has branded the APR of a new government-backed lending scheme "rather steep".

It begins at 29.9 per cent, but will rise to 49.9 per cent in April.

In home news, LV= has found that more people are taking in lodgers in order to avoid needing debt help.

They saw a 15 per cent increase of homeowners renting out their spare room for an average £4,700 a year.

And analysts Defaqto have warned drivers not to put the wrong fuel in their cars, as most insurers won't pay for it.

Fixing the problem can cost up to £3,000, which could leave some drivers seeking debt help.

Debt management weekly roundup

11/03/2011

The theme of the news in the realm of debt management this week, seems to be about how people with d ...

Debt management weekly roundup

04/03/2011

The big news in the field of personal finance and debt management this week has been the European Co ...

Debt management weekly roundup

25/02/2011

It appears debt problems could well be made worse by Brits underestimating the cost of life's big ev ...

Debt management weekly roundup

18/02/2011

Debt problems are still rife in the UK in 2011, despite the recession officially ending several mont ...