Consumers may want to see if they are eligible to make a credit card payment protection insurance claim to help them cope with the rising levels of debt in the UK.British consumers make interest payments of £174 million daily and the total amount of money spent on the nation's credit card bills each day is now £1.278 billion, according to new research from Credit Action.The group also revealed that a home is repossessed every 14.6 minutes and 867,000 people have been unemployed for over a year."While the Bank of England shows no signs of raising the base rate in the near future, consumers still need to be careful about the rates of interest they pay," said Keith Tondeur, Credit Action's president.He said it was particularly important that consumers reduced the amount of money they spend on credit due to other constraints such as unemployment and high inflation.With the consumer price index measure of inflation now at 5.2 per cent, MGM Advantage estimates UK households will need to find an extra £46 million to enjoy the same standard of living as they did a year ago.Jennifer HainesJennifer's speciality knowledge is credit card changes and balance transfers
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
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* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.