People in debt could be wasting money on ‘useless’ financial products. Which? has produced a list of the top ten products that do not provide value for money. Mobile insurance tops the list, while payment protection insurance and packaged bank accounts also feature. If your debt management is coming under pressure because of other outgoings, an Individual Voluntary Arrangement (IVA) is a good solution for people owing more the £15000 in unsecured debts. You can reach an agreement with creditors to pay a more manageable monthly amount over 5 years before going debt free. Debt Relief Orders (DRO) can help people owing smaller amounts.
Financial products putting strain on debt?
June 7, 2010 By
