Debt management weekly round-up

The majority of debt news from this week is still being affected by Comprehensive Spending Review from last week – and the debt reasons it could bring, in the run up to Christmas.

Moneysupermarket.com says people expecting to stretch budgets should spread out payments to avoid having to resort to debt solutions.

Debt management could well be at a premium this Christmas, as the Markit Household Finance Index (HFI) for October shows 27 per cent of consumers feel worse off than a month ago.

This could see many UK homesteads consulting a debt calculator.

If the austerity measures weren't enough for consumers to contend with - new uSwitch.com says six out of ten people are concerned about debt management, in the face of costly bills.

Kevin Still of Atlantic Financial Management said "we could see an increase in people seeking debt solutions, such as Individual Voluntary Arrangements (IVAs) and Debt Management Plans (DMPs) this winter as people face job uncertainty, benefit cuts and pricier fuel bills."

Yet, it appears Britain's banks aren't helping, as consumer body Which? said banks are keeping quiet about the fact they provide low rates of saving.

Which? says this means consumers are missing out on as much as £12 billion a year – which could go towards debt solutions.

Debt management weekly roundup

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Debt management weekly roundup

04/03/2011

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Debt management weekly roundup

25/02/2011

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Debt management weekly roundup

18/02/2011

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