• Consumer Credit Counselling Service highlights debt hotspots
• Choosing the right debt management company makes all the difference
• Men are coy when it comes to seeking debt help
• The Budget Provides No Relief
• Complaints Rise Over Debt Collector Practices
• CAB Receives Record Debt Enquiries
• Middle Class Families Are Falling Into Debt
• The Number Of People With Debt Worries Increases
• A Lifetime of Debt Awaits
• Increased Energy Bills Cause More Misery For Consumers
• Retirement Plans Hit By Increasing Amounts of Debt
• Debt Problems Can Happen To Anyone
• Savings Take A Hit
• How Can I Be Sure Of The Right Debt Solution?
• Which Debt Management Options Are Best For Me?
• Effective Debt Management Is The Key
• The Cause of Debt
• The Real Cost Of Debt
• Confused Over Debt Management Options? Try ConfusedDebt.com
• With The OFT Closing 40 Debt Management Companies, Who Can You Turn To For Debt Advice?

Confused Over Debt Management Options? Try ConfusedDebt.com

The free-to-use online service, which allows customers to compare debt management companies, was devised by two financial experts who have more than a decade’s worth of banking experience.

Compare Debt with Confused Debt

They were keen to put those with debt problems back in control of their finances by creating the first website that deals solely with comparing debt management companies.

Put simply: we are putting the power of debt management in your hands. Launching the new website, Kim Jackson says: “There are dozens of firms out there, advertising their services to organise repayment plans for those who are in debt.

“The choice is overwhelming, but it can be incredibly difficult for the consumer to know if they are getting a good deal and a good service because there was no way of comparing the services.

“This is where we come in. At the click of a mouse, our customers can find out which company can offer them the best deal on managing their debt.

“Users of our site will not only the best debt management plan for them, they will get peace of mind.”

Already 16 of the UK’s largest companies have signed up to the user-friendly debt comparison service.

While each firm offers similar services, they do charge different fees. The Office of Fair Trading guidelines insist that every debt management company is clear about its fee structure, but the beauty of Confused Debt is that it allows the customer to compare each firm quickly and easily.

The website is ideal for anyone who is looking for:

• a debt management plan
• a bankruptcy order
• an Individual Voluntary Arrangement, (an IVA is a formal agreement drawn up between you and your creditors. Governed by the Insolvency Act 1986, the agreement usually lasts 60 months during which time you pay a fixed monthly amount that you can afford).

In Scotland, customers can also search for the best company to draw up a legally-binding Trust Deed.

"The impact of the recession and the rise of UK household debt has resulted in more people than ever looking for debt solutions or debt advice", says Kim Jackson.

It has resulted in a boom for the debt management industry. But this means it is even more important to find a company you can trust and who will work in your best interests, she adds.

Customers can access Confused Debt and fill in a simple online form that calculates the debt solutions available to them and offers a monthly payment plan.

“Put simply: we are putting the power of debt management in your hands,” explains Kim Jackson.

Every company that has signed up to the website has the relevant consumer credit licences and is regulated by the Office of Fair Trading. But http://www.confuseddebt.com also scrutinises each firm’s legal documentation to verify the stated fees through its in-house auditing scheme for extra peace of mind.

“We honestly believe this will make life a lot easier for people who want to take control of their finances again and are very excited to be offering this service after months of planning,” adds Kim Jackson.