- Friday, 13 March 2009Settling credit card debt could save £9 billion per year in interest payments, according to figures from Abbey.
The financial services provider, itself a provider of credit cards, notes that Britons are paying billions in interest that could be avoided by settling credit card debt.
Just transferring to an interest-free deal for 12 months could save £443, according to Abbey.
More concerted action on credit card debt might be required for the one in five people who have not been in the black during the past four years.
With
IVA help, consumers could get their finances back on track over a predetermined timescale.
IVA help focuses on writing off a portion of the amount owed, while all of an individual's creditors agree on the schedule over which the rest of the debt can be cleared.
For homeowners, the best IVA packages could be those which do not require a property to be put up for sale; cars can also be protected under some deals.
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Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
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