Bank charge change could reduce debt management needs
Bank charge change could reduce debt management needs
Monday 28th September 2009
Following on from statements from David Cameron and Nick Clegg, the prime minister (PM) has issued a letter to MoneySavingExpert.com suggesting that it was time the issue was put to bed.
Should the PM's calls be heeded, there could be a reduction in the number of people seeking debt management advice as a result of poor finances relating to high bank charges.
In the letter, Mr Brown said: "We have called on the banks and the regulators to explore a quicker way to resolve this without further delay."
However, while the PM's calls will not be ill-received by many, there are some that believe the timing of the letter was relative to 'picking the right side'.
Director of personal finance website fool.co.uk David Kuo commented: "Gordon Brown could have done something much earlier on but he has left it until almost the final whistle to say he thinks he knows which side is going to win the game.
"[He] knows that we're almost at the end of the story - in other words there will be a conclusion to this shortly."
With the PM having indicated a speedy solution should be sought, a resolution could soon be found and customers could be spared a few valuable pounds.
As such, the numbers of people requiring debt management help as a result of bank charges could fall.
News article brought to you by Debt1 – UK debt management specialists
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