Archives for 20 August 2007
Lifetime balance transfers ‘offer debt relief’
Lifetime credit card balance transfers offer a reliable form of debt relief, it has been claimed.
Sainsbury’s Bank head of credit cards Donald MacLeod suggests that the product could be useful for consumers looking to consolidate their debts.
And he adds that there is no reason to presume that obtaining such a credit card is a precursor […]
Women pensioners ‘need debt help’
Immediate debt help is needed for women pensioners, it has been suggested.
According to elderly people’s charity Age Concern, £4.2 billion of financial assistance remains unclaimed by those who are entitled to it.
Elderly women are a key group who could benefit from advice, the charity states.
Spokesperson Samuel Heath adds that up to 500,000 UK pensioners could […]
Personal debt levels ‘to damage economy’
The level of personal debt in the UK is likely to result in a weaker national economy in the near future, it has been warned.
F&C UK Growth & Income Fund manager Ted Scott makes the claims in light of a ten per cent fall in the All Shares Index since mid-July.
“The consumer, pumped up on […]
Lifetime balance transfers ‘flexible debt solution’
Lifetime balance transfers offer a flexible debt solution for credit card users, it has been suggested.
Heather Scott, head of corporate communications at Intelligent Finance, notes that the deals have a number of benefits over alternatives.
But she adds that consumers should be certain that they offer the most appropriate debt solution before signing up for a […]