People urged to take steps towards becoming debt-free
People urged to take steps towards becoming debt-free
- Thursday, 11 March 2010Consumers are being encouraged to spend more time "filling the gaps" in their personal finance knowledge in order to help them become
debt-free.
The Consumer Credit Counselling Service (CCCS) states that bad personal money management is behind many
debt problems.
It is urging people to use its new online service Money Matters, a free tool that offers "impartial and generic" guidance for personal finance issues.
CCCS spokeswoman Frances Walker said: "Managing your money efficiently is important for both short and long term happiness.
"During a recession, nobody can afford to ignore good money management which could even stave off a developing
debt problem."
Effective money management may become even more pertinent for consumers during 2010, following claims that they could be in for more tough times.
Director of research for Mintel Richard Perks said that "on the whole" incomes are starting to be squeezed again, with rising taxes and interest rates causing a situation that "is really going to topple consumers".

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...