Home > News > Debt consolidation

Consumers `increasingly experiencing debt problems` Over-50s `better at managing credit card debt` New banking rules `may restrict access to loans` UK `must reduce consumer debt` 700k `on Debt Management Plans` Recession `could lead to financial problems for retirees` Charity sees increase in debt, mortgage and loan arrear enquiries Retirees` finances `may be damaged by rate cut` Consumers `aiming to reduce spending` People `increasingly turning to illegal loans` Children raised in credit crunch `may be better able to manage money` Many parents `pushed into debt by adult children` Young people `failing to protect themselves for debt repayments` Consumers in East Midlands `relying less on debt to fund lives` Plans set out to help people in debt PPI ban `could leave consumers without loan cover` Govt `must step in to stop debt addiction` Cash-strapped Brits `see fraud as more acceptable` People `should not rely on mortgage rescue plan` Consumers `to take out £3bn in debt consolidation loans by Easter`

Energy companies ‘blocking price comparison’

26/09/2008

Several energy companies are blocking price comparison websites from accessing their best deals, it has emerged.

Price comparison site Fool.co.uk say that a number of companies are updating their tariffs several days after the prices are announced on their own websites, in an apparent attempt to limit the amount of customers getting the cheapest deals.

This is in conflict with Energywatch’s Confidence Code, which advises suppliers to ensure all their tariffs are listed on comparison sites.

The main issues occur when companies are slow to update prices on existing tariffs, meaning customers may be misled as to what the best deals are at any given time.

A spokesperson for debt management company Gregory Pennington said: “This highlights a lack of honesty amongst energy suppliers. In the current climate, finding the cheapest energy deal is important, as it can save a lot of money and help to keep people out of debt.

“We recommend anyone using price comparison websites to contact the supplier beforehand to make sure the plan they choose is being offered as advertised.”

---

Debt Advisers Direct offer a range of debt solutions, including debt management plans, debt consolidation and IVAs. For more information, click here.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according