A debt management plan is an option to consider for somebody who has built up debts and is now struggling to afford the contractual monthly payments to their creditors. In most situations, creditors are happy to accept a reduced payment because that is better than receiving no payment at all...read more
Monday, 4 April 2011
Reclaiming PPI - A Brief Guide
Payment protection insurance (PPI) and the way it has been sold to UK consumers over the years is a hot topic at the moment. It has become apparent that many PPI policies may have been mis-sold because the people selling it didn't care as to...read more
PPI Refunds Obtainable If You Were Mis-Sold
Consumers that may have taken out loans, credit cards, store cards, car finance, mortgages or secured loans over the last 10 years could be due a small windfall if they purchased the additional insurance with the finance agreement. The insurance is known as Payment Protection Insurance or PPI for short, and is also known as Accident, Sickness and Unemployment (ASU) cover. The reason why many could be due a payout is because the PPI may well have been mis-sold, as has been widely reported in the press recently... read more
Debt Management Companies Under the OFT Spotlight
Following a recent investigation by the Office of Fair Trading, 129 warning letters were issued to debt management companies in regards to the way they run their businesses. The businesses on the receiving end were given 3 months to improve their standards, and prove they had done so by submitting an independent audit showing that they are acting compliantly with the OFT's published debt management guidance...read more
Debt Advice Places for Those Looking for Debt Help
With so much debt accumulated by UK consumers over the last few years it's no surprise that record numbers of people are currently searching for debt help. According to Bank Of England statistics, total UK personal debt stood at £1425 billion at the end of December 2010, the highest level it has ever been...read more
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