Credit Crunch debt help

The Credit Crunch and general downturn in the UK economy has pushed many consumers towards financial breaking point.

People already in debt can no longer easily secure quick-fire solutions like balance transfers or debt consolidation loans, leaving them with limited options to dig themselves out of the red.

The situation isn't much better for the rest of the UK. Many consumers who aren't already in debt, are quickly sliding towards serious financial problems because of rising household bills and an increased cost of living.

But what's the solution? Unfortunately, the simple answer is, there isn't one.

To beat the credit crunch and stay out of the red, consumers need to wise up to their finances and save money wherever possible.

With this in mind, we've put together a number of money saving solutions to help consumers during the credit crunch and listed them below.

 

Pension contributions suffer from debt problems

New figures from Prudential show that many UK consumers are reducing their monthly pension contributions as the credit crunch, combined with debt problems

Debt problems and the credit crunch concern women most

New research from Bupa has found that increased debt and the credit crunch are problems that bother women more than men.

PAYG more popular during credit crunch

A new survey from Family Mobile has found that more people than ever would be interested in switching from their contract to a pay as you go scheme, in order to reduce debt during t

Credit Action debt stats - Sep 08

The latest figures from Credit Action continue to paint a bleak financial picture for the UK, as more consumers continue to slip into serious debt problems

Reduce debt with cheaper car insurance

Financial experts are advising consumers looking to reduce their debt, to shop around for the cheapest car insurance available and only invest in the cover they need.

Credit cards - a beginner's guide

Anyone thinking of applying for a credit card for the first time and looking to avoid slipping into credit card debt, should read the Independent's

Inflation busting debt help from the Times

The Times newspaper is once again stepping in to help those in debt, by offering an inflation busting guide that shows consumers how to cope with the rising cost of fuel, mortgages