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Posts Tagged ‘debt advice’

During a downturn, carrying debts can be more dangerous than ever and in general, the deeper the downturn, the more important it is for people with financial problems to seek debt advice early.
1 in 33 people currently in work will become unemployed in 2009 while 2,831 people are made redundant every day. Every 4.5 minutes, [...]

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Many people have successfully pursued their creditors and have had thousands of pounds worth of debt written off.

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The sites use similar or slightly amended domain names which imply that they are affiliated to organisations such as Citizens Advice, Advice UK, National Debtline or the Consumer Credit Counselling Service. Some of the website names also imply that they have some official status or sanction from the Government.

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Specialists Financial Compensation Claims Companies can now arrange for 100% of your Loan or Credit Card Debt to be written off.

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This week’s Panorama programme included case studies relating to the Credit Issues business, showing how a couple have managed to clear £100 000 of credit card and loan debt through the processes that are employed in the Credit Issues business.

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Banks are being accused of pressuring customers who have financial problems to take out expensive loans to try to ease their debts, the BBC has learned.

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A decade of cheap credit is now causing problems for once relatively well-off people.

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