Why Are Consumers Not Making Use Of The Citizens Advice Bureau?
As the economy continues to head south, financial worries rise to the surface and more people than ever face the threat of financial ruin, why are consumers not making use of the Citizens Advice Bureau (CAB)?
The CAB has been around for many years and is fully funded by the authorities with all advice both confidential and free. It seems that more and more people are waiting until their situation reaches breaking point before seeking often costly professional advice. While it would be wrong to claim that the CAB are able to offer the same professional services offered by fee charging companies, they can certainly advise people of their rights and the best course of action for them.
As they say, to be for warned is to be for armed, with many consumers approaching those offering professional services without even the slighted knowledge of their rights and the options open to them. As we have covered on the site over the last few days, there have been a number of instances whereby those in financial difficulty have chosen the IVA option only to declare themselves bankrupt very soon after. It is vital that consumers know their rights and the options available to them.
Share this..
Related stories
Will Gordon Brown now go ahead with his own financial crisis responsibility fee?
With news that the US government is pushing through a financial crisis responsibility fee which could cost some of the largest US banks in the region of $2 billion a year, there is speculation that the UK government could follow suit and announce its own punitive measures. While the situation in the US is far worse than that in the UK, with the US authorities estimated to have lost $117 billion fr...
Read MoreNorthern Rocks double edged sword
Northern Rock, the nationalised UK bank, has today confirmed that lending liquidity of up to £14 billion will be pumped into the UK mortgage market over the next two years. It is forecast that £5 billion of this figure will be made available in 2009 with the balance in 2010. However, this is something of a double edge sword as the company has also admitted debt repayment problems have soared for...
Read MoreSaving for a wedding? Read this!
09/02/2015 Valentines Day is fast approaching, and while love is in the air, we decided to have a look at how we could help couples out as they decide to spend the rest of their lives together, and get married. Valentines is the second most popular day of the year for Brits to get down on one knee and pop the question, second only to Christmas Eve. It’s also a very popular day to have your...
Read MoreLloyds Bank set to give Gordon Brown well-timed boost
This week could see Lloyds Bank indicate to the market that the company has returned to profit and is back on the growth path. This comes at a time when the UK taxpayer is baying for the blood of the UK government after investing billions upon billions of pounds into the banking system. Over the last few months we have seen significant losses in taxpayer share stakes in Lloyds Bank and Royal Bank...
Read MoreRetailers hit by cold weather
The anticipated Easter upsurge in High Street sales is likely to have been hit by the spate of cold weather, it has been predicted. Earlier this month, the British Retail Consortium (BRC) said it expected a slight rise in retail spending over Easter. However, analysis from the Centre for Economics and Business Research (CEBR) suggests that the snow, wind and sleet witnessed across the country prom...
Read More