Debt Advice Help and Support

Debt Management at low interest (7 Sep 2010)

People with large amounts of unsecured debt are being urged to seek advice on a solution such as an IVA or a Debt Management Plan to take advantage of the current low interest rates.

It comes as Martin Bamford, Chartered Financial Planner at Informed Choice, has suggested that the Bank of England's Monetary Policy Commission are likely to keep the rate at 0.5 per cent for the rest of the year.

Although the historically low rate is not good news for savers, it does offer the chance for those in debt to pay off what they owe more quickly and more cheaply.

If you owe more than £3000 on credit cards or through a personal loan, then call Debt Free Direct today to see how an IVA or a Debt Management Plan could get you debt free.