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

'Financial security is essential' to avoid debt problems

'Financial security is essential' to avoid debt problems

- Thursday, 20 May 2010

Consumers need to keep their personal financial information to themselves to protect against fraud which could ultimately lead to debt problems.

Which? reported in April that one in ten consumers write down their debit or credit card Pins or pass them onto other people, which could mean serious financial loss if the card is lost or stolen.

Despite this the UK Cards Association released figures in March which showed that fraud on debit and credit cards fell by more than a quarter in 2009 to £440.3 million.

Recent reports in the Telegraph have suggested that banks which provide aggregator services for their customers will not pay out compensation for those who fall victim to fraud due to online banking.

Jon Prideaux, deputy chief executive at SecureTrading, which offers counter-fraud services, said: "What people using bank endorsed aggregator services should expect is not only that they work, but also that they're secure.

"The best way for a bank to demonstrate their confidence in this respect would be to take liability."

Furthermore potential debt problems could be avoided if fraud was committed and the bank was accountable.

Fraud could lead to the need for debt solutions as charges may be accrued by the consumer if their account goes over their overdraft limit.ADNFCR-2300-ID-19788699-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...