Debt Fixers is changing!

Please be advised that as of 3rd October all future correspondence from us will be sent from our parent company Money Debt and Credit Ltd.

This in no way effects your debt management scheme with us and you don’t need to do a thing. We simply like to keep you up to date with our ever-growing organisation.

Debt Fixers is a trading name of Money Debt and Credit Ltd; so don’t worry, you are still dealing with the same helpful staff!

If you have questions, don’t hesitate to get in contact on 0800 7076108

Click here to redirect or you will be automatically redirected to the Money Debt and Credit website in 30 seconds

Consumers need to get out of debt and save

Consumers need to get out of debt and save

- Thursday, 20 January 2011

Consumers have been advised to balance becoming debt-free with putting some money into their savings account.

Richard Talbot, director of Credit Action, made this recommendation as interest rates on saving accounts are currently low, while interest rates on debt could be higher.

He said: "It's kind of a balance in life, we would encourage people to have some rainy day savings, but once they've got something put aside for emergencies then it would be a lot better to pay off the highest interest rate debt first."

In this way, consumers with debt problems will be able to pay off their financial arrears faster and without accruing extra money on top due to interest rates.

Mr Talbot added that having some savings is important in case an emergency occurs as those without a financial safety net may have to borrow money and could risk needing a debt solution in the future.

According to research from Lloyds TSB, 11 per cent of Brits stated that taking control of their finances was their New Years resolution.
 ADNFCR-2300-ID-800353802-ADNFCR
Latest Debt Management Plan NewsDebt Management Plan News ArchiveContact us to discuss Debt Management PlansEmail this article to a friendSubscribe to our RSS Feed

Recent Debt Management Plan News

56% of Brits have no life insurance which could leave family with debt problems

Wed, 04 May 2011
More than half of UK adults currently have no life insurance cover, which could mean their loved ones are left with debt problems when they die...

Brits thinking about retirement advised to seek debt advice

Tue, 03 May 2011
Consumers considering their retirement options have been advised to seek professional advice, as they may end up with debt problems in the future...

Brits planning to attend a wedding should start saving to avoid debt problems

Thu, 28 Apr 2011
Consumers concerned about getting into credit card debt to pay to attend a wedding may want to use their savings instead...

Couples planning their big day can avoid debt problems by negotiating a cheap wedding

Wed, 27 Apr 2011
Couples-to-be worried about needing debt advice in the future after paying for a wedding can ensure they avoid accruing debt problems by negotiating a cheap wedding...