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Multiple debt fear for travellers

04/10/2010











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Taxes and oil prices could affect travellers wherever they want to go and may ultimately cause commuters to seek debt help.

On Friday, fuel duty rose by a penny a litre, which will hit drivers immediately and may hit people who travel on buses eventually, if fares are increased to pay for the duty rise.

Air travellers are set to be hit hard too, with Cheapflights Media's Francesca Ecsery warning that "if jet fuel prices move significantly above the current $89 per barrel, airlines will need to consider reintroducing fuel surcharges."

Greater demand for air travel is also causing prices to rise, which may leave those who are looking for winter sun looking for debt solutions.

And train passengers may soon face additional debt pain, with price increases set to be announced by the government in coming weeks.

Kevin Still, Director of Atlantic Financial Management says: "If you are suffering from debt problems and your travel costs are rising then you face a real dilemma, you need to incur the commuting costs to earn. For many there are limited alternatives available, especially if you are traveling a long distance to work. Protecting income is a priority for people with debt problems."ADNFCR-2613-ID-19943560-ADNFCR

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