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

'Overpay on credit card' to manage debt

'Overpay on credit card' to manage debt

- Thursday, 28 May 2009

Making overpayments on credit cards has been suggested as a means of debt management.

Price comparison website moneysupermarket.com pointed out that paying back more than the minimum required amount every month cuts interest charges as well as reducing the duration of the debt.

It advised people to set up overpayments by direct debit.

According to the site's calculations, someone owing £1,000 with an APR of 16.9 per cent will accrue £151.74 of interest if they make two per cent minimum repayments.

But repaying five per cent each month cuts the interest by £30 as well as reducing the debt by significantly more.

Carers UK Emily Holzhausen recently pointed out that carers are at risk from debt as they lose income by taking responsibility to care for someone and also need to make calls to stay in contact.

Speaking in support of the Terminate the Rate mobile phone campaign, she said many carers suffer from debt.
ADNFCR-2300-ID-19190265-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...