Archives for 10 August 2007
Debt advice ‘wise for income protection’
Obtaining expert debt advice could prevent problems with income protection plans, it has been suggested.
Harry Katz, principal of Norwest Consultants, advises that Britons should obtain financial advice before taking out a policy designed to guarantee their income.
He suggests that many plans have limitations on the circumstances in which they will pay out or the maximum […]
Students ‘entitled to debt help’
Students are as entitled to debt help as any other borrower, it has been suggested.
HSBC spokesperson James Thorpe claims that the financial services provider treats students equally among its customers.
“There isn’t really a difference between students and any other customer in that respect,” he says.
“If we see anyone getting into financial difficulty we will talk […]
Debt management ‘must be sensible’
Britons must take a sensible approach to debt management, it has been advised.
Susan Hannums, savings manager at AWD Chase de Vere, suggests that many consumers allow their personal debt to get out of control before seeking advice.
But she notes that it could be beneficial for people to tackle debt before it “catches up with them”.
“Debt […]
Rate tarts ‘could harm debt recovery efforts’
Regularly switching credit cards could damage debt recovery efforts, it has been warned.
Britons who continually renew their borrowing to take advantage of interest-free offers - known as ‘rate tarts’ - could damage their credit rating and the likelihood of obtaining a debt consolidation loan in future, it has been suggested.
James Jones, consumer affairs manager for […]