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Credit Card The Debt Generation

Debt management plans have been thrown into disarray by the credit crunch for millions of consumers but it is the so-called "iPod generation" that has been the hardest hit. According to the report on This is Money, this generation of 18-34 year olds are over-taxed and debt ridden and large numbers are actively seeking a viable resolution for their financial woes. In the majority of cases, consumers are discovering that Credit Card Debt Consolidation  plans are one of the most means by which to overcome profound debt management problems. It is clearly apparent that the reliance upon credit in the current economic conditions has been the catalyst for the debt management problems in the UK and many now believe that a Credit Card Debt Consolidation  scheme is the best remedy to the problem as it will stop an individual having to keep track of multiple outgoings and give them a single monthly repayment to keep abreast of which inevitably makes is significantly easier to ensure that repayments are made in a timely fashion.

Credit Card Debt Consolidation – Worrying Trends

The levels of debt in the UK are extremely worrying and speaking to This is Money, economist, Lucy Parsons, states, "We are living in "broke Britain", not broken Britain, and my generation is suffering." This is something that needs to be addressed as hastily as possible and many will feel that a Credit Card Debt Consolidation scheme will give them the greatest chance of achieving financial freedom.

Speak to Kensington Finance about Debt Consolidation

Kensington Financial Management Consultants Ltd is a total finance solutions company helping people all over the UK. We speak financial sense. We will allocate you a friendly advisor who will chat through your current situation and formulate a plan for you without obligation. Let us work out a financial solution based on your individual circumstances. It's our aim to help everyone who contacts us. With debt solutions and advice and information for debt consolidation, bankruptcy and Trust Deeds, we can help. It really is worthwhile giving us a call or applying online today for a confidential chat with one of our friendly advisors. Call FREE on: 0800 096 4409.


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  • 06 Jan 10
    Debt management companies face improved regulation


    The UK government is launching a consultation into the procedures of debt management companies. Kensington Financial Management Consultants welcome further industry regulation and are members of the Debt Resolution Forum – an organisation designed to increase standards within the industry.

  • 17 Dec 09
    Money problems top 2009 concerns


    A recent survey conducted by Samaritans indicates that 48% of the UK population has worried about their money problems and debt in 2009.