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

People advised to pay off debt problems rather than saving

People advised to pay off debt problems rather than saving

- Friday, 4 March 2011

Brits with financial issues have been advised to pay off their debt problems rather than saving as interest rates are low.

Such is the suggestion of Ed Bowsher, head of consumer finance at lovemoney.com, which is an everyday money site.

He said: "If you have a serious debt problem, I'd firmly advise you to pay down your debt rather than save.

"You'll get a poor return on your savings at the moment, so it makes more sense to pay down your debt. Then when interest rates rise, you'll be paying less interest because your debt is smaller."

Therefore, Brits worried about their finances may want to seek debt help sooner rather than later.

Mr Bowsher made these comments after moneysupermarket.com revealed on March 1st that five million Brits are permanently overdrawn.

It was found that one in ten people in the UK live in their overdraft and the price comparison sits stated that these consumers could save as much as £240 a year by switching current account.
 ADNFCR-2300-ID-800442973-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...