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Uswitch comments on Stepchange personal debt report

Commenting on StepChange’s annual report, David Mann, Head of Money at https://www.uswitch.com/banking/>Uswitch.com, says: “While unemployment is falling, unfortunately debt seems to be going in the opposite direction. Although an increase in the number of people seeking debt advice is a good sign as more are getting help, this report will also sound alarm bells.

“Burying your head in the sand is also not an option. If you’re worried about debt, it’s important to take a good hard look at all outgoings and see what steps you can take to improve things, however small.

 “But how can you take steps to manage your money if you don’t have the full picture? Without fairer and free access to credit reports in the UK, many consumers are left in the dark about what their financial situation really is and what can be done to improve it. For example, many may be paying over the odds for their existing debt but don’t know what better deals they could have access to. This is why Uswitch.com is calling for free access to credit reports, an explanation for those turned down for credit, and a standardised credit score  with the “It’s my report” campaign.”

FOR MORE INFORMATION

Katherine Moss

Phone: 020 3021 5893

Email: katherine.moss@uswitch.com

Twitter: @uswitchPR

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Uswitch is the UK’s top comparison website for home services switching. Launched in September 2000, we help consumers save money on their gas, electricity, broadband, mobile, TV, and financial services products and get more of what matters to them. Last year we saved consumers over £373 million on their energy bills alone.

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