Consolidate All Your Debt Into One Monthly Payment
Are you feeling overburdened with debt? Are you paying out too much every month for your credit cards, store cards and loans? Then why not replace them all with one, lower, convenient repayment through a consolidation loan? Consolidation...
Consolidating Your Credit Card Debt
Copyright 2005 MHG Consulting
Credit cards have revolutionized the purchasing experience since Diners Club released the first credit card in the year 1950.
The Dinners Club credit card gave consumers limited credit that, at times, even surpassed...
DDCF: Dissecting Debt Consolidation Firms
In accounting classes, debt consolidation still hasn’t made it to grade. The term “debt consolidation firm”, in that case, wouldn’t be found in any textbook. But in reality, debt consolidation is one of the most important things a person with...
Debt consolidation – Options for Reducing Your Debt
Studies show that Americans are now saving less than ever before. Along with that, Americans are carrying a heavier debt load than ever. It’s easy for a home loan, a car loan and a few credit card bills to get out of hand, and many people are...
Take a Breath of Fresh Air with Debt Consolidation and Save Yourself Hundreds
In our society we have access to levels of education that are second to none. Yet, with our advancements in higher education we fail to teach our children at an early age, the importance of how to manage our debts and finances. Unless you pursue a...
Moneynet targets debt consolidation loans as UK bankruptcies rise
Moneynet.co.uk, the UK's most established financial comparison site has recently launched a new section on debt consolidation loans. Debt consolidation has become a major market in the UK as consumers struggle to pay off their debts.
According to Credit Action, a national money education charity, figures for the second quarter in 2005 showed that the number of individual insolvencies had increased by 36.8% since the same period last year. Credit Action also reported that a survey by Lloyds TSB revealed that 20% of individuals admit that they regularly avoid checking their bank balance because they were scared to see their balance.
The most recent financial services survey by the Department of Trade and Industry (DTI) revealed that 5% of individuals are finding their household's debt repayments a 'heavy burden'' and the number of consumer debt problems dealt with by the Citizens Advice Bureaux has grown by a massive 74% over the past seven years.
Moneynet's decision to tackle debt consolidation is extremely pertinent in the current political climate, where the government is taking a stern view against loan sharks and unethical consumer financial products Moneynet is keen to build on its ethical reputation by ensuring consumers have a full choice of relevant financial products available to them.
Richard Brown, moneynet's Chief Executive Officer commented, "'whilst we urge people to think carefully before consolidating their debts, this can prove to be a lifesaver for many people. Amalgamating all credit card, store card and personal loan debt into one can make the payments more manageable.
However, once this has been done it is often sensible to destroy existing credit cards and avoid the temptation of running up further debt until the loan is repaid'"
The debt consolidation loans section is in line with other consumer champion initiatives which moneynet has recently implemented on the website, including its series of product and lifestyle guides. In addition to its extensive price comparison research on credit cards, loans, insurance and mortgages, moneynet provides downloadable consumer information on family finance, ethical investing and student finance.
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Moneynet.co.uk is the UK's most established personal finance research and data website. The company offers consumers a wide range of low cost financial products: from mortgages and personal loans; to car, home and medical insurance; credit cards; savings accounts and best-buy fixed rate products.