Free debt management advice 'should come before pawning'
Free debt management advice 'should come before pawning'
- Wednesday, 13 May 2009Britons have been told to seek
debt management counselling before resorting to pawning their possessions if they encounter financial difficulty in the current economic crisis.
A spokesperson for the Money Advice Trust tells the Liverpool Daily Post that
free debt management advice is available from a number of organisations nationwide and should be taken advantage of over alternatives such as payday loans and pawn shops.
"We would recommend that individuals explore all other legal sources of cheaper credit [before pawning belongings]," she says.
She adds: "In such situations, individuals would be advised to seek free advice from services such as National Debtline [and] Citizens Advice."
The publication adds that the current economic circumstances have led many members of the public to pawn items in order to provide some short-term cash.
People seeking
debt management counselling can do so by emailing
Debtfixers or visiting the offices at 45 Clarendon Road, Watford.
Alternatively,
free debt management advice is available via the company's helpline on 0800 707 6109.

Recent Debt Management Plan News
56% of Brits have no life insurance which could leave family with debt problems
Wed, 04 May 2011More 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 2011Consumers 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 2011Consumers 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 2011Couples-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...