On This Morning!
Debtwizard Facebook Debtwizard Twitter
Call 0800 197 8433 (Mon to Fri 8am-9pm, Sat 9am-3pm)
Mobiles cheaper on 0207 785 1110
Free, simple debt solutions & free debt advice

DebtWizard Fee Saving Calculator

Why pay fees for a debt management plan? See how much we could save you

How much unsecured debt do you have?
-
+
£15,000
How much can you afford each month?
-
+
£300
Based upon you paying in fees*
when added to your level of debt we
can reduce your payment period by months...
... and save you

in fees.

A fee charging debt management company is a firm that will charge you for debt advice and debt service. They usually take the first two months’ payments into your plan as upfront costs followed by 15% of your monthly payment plus VAT. The New Protocol launched in February 2013 will mean that the up front fees will be taken over six months. See Debt Management Protocol

 

There are some good fee charging firms operating in the debt industry and if you are happy with your firm then fine. However there are some shockers out there and we have the following guide to help you spot them, see our 7 point guide to spotting a dodgy debt advice website!

 

If you are thinking of starting a debt management plan or wish to transfer to a 'non' fee debt management plan and not pay fees then see how much we can save you by using the slide bars on our unique fee saving calculator above.



As inflation falls we explain how this affects your spending power and wage negotiations.

Page last updated Tuesday, 20 March 2012

008-deflationAs the UK Consumer Prices Index (CPI) annual rate of inflation fell to 4.8% in November, down from 5% in October we explain why and the difference between CPI and RPI. We also detail what impact both measures have on consumers.

The Consumer Prices Index (CPI)

The largest downward pressures came from food, petrol, clothing and furniture, household equipment & maintenance. Bread and cereal prices dropped marginally when compared to a sharp increase a year ago. Vegetable prices fell by 1% for the previous two months which is the biggest fall for a decade. Chocolate, sugar, jam and sweets also became cheaper.

Partially offsetting these were upward pressures from increases in the cost of domestic heating and off sales of alcohol.

Each month the ONS examines a ‘basket’ of 600 different items and services from over 100,000 different retail outlets and then determines the rate of increase or decrease.

CPI which is the Government's preferred measure of inflation does not include council tax or mortgage interest costs, buildings insurance, house depreciation  and other house purchase cost such as estate agents' and conveyancing fees.

Retail Prices Index (RPI)

RPI annual inflation stands at 5.2 per cent in November 2011, down from 5.4 per cent in October. The largest downward pressures came from food, petrol, furniture and clothing. Partially offsetting these were upward pressures from wines & spirits off sales and fuel & light.

The Bank of England target for inflation is two per cent and they expect inflation to fall back sharply in 2012, with the possibility of it being below the two per cent target by the end of the year.

Impact on consumers

Starting from April 2011, CPI is to be used in place of RPI for increasing state pensions and other benefits. Many see he change as unfair as CPI is now lower than RPI (the previous index used). By changing the index many consumers will receive less of an increase to their wages, pensions or benefits.

Full report can be found at: statistics.gov.uk



Speak your mind





Submit

Your comment will be moderated before it shows up.

There are no comments posted yet.


busy

As featured in:

BBC - My Worst Deal, BBC Radio, Daily Mirror, the guardian
RAPID DEBT HELP FORM

For no nonsense advice just submit the short form and Mike or one of his team will get back to you.


Unsecured debt

--Debt Amount--

Home owner

Yes No

No. of creditors

1

Current payments

£0 - £25

Affordable payments

£0 - £25

Forename

Surname

Email Address

Phone Number

Enquiry/Comment

Yes No Can we leave a voicemail

Yes No Can we contact you via SMS

Yes No Can we contact you via email

Best time to call

Today
ASAP

Please note: If you continue you are agreeing to our privacy policy, available here.

PAYMENT PROJECTION INSURANCE

Our chosen firm will handle all the claim on a "No Win, No Fee" basis with a fee of 12% + vat, which is only payable if you have a successful claim.

Read more Help with PPI claim - Low fee 12% + vat

Or;

Do It Yourself (DIY) with our two template letters

Read more Free PPI template letters

SYClogo

 

 


LATEST FORUM POSTS
In an IVA for 45k - Is it possible to end the IVA early?
by iktech > 4 replies, 2963 views