Loans Blog

James Fella, director of debt counseling service Thomas Charles & Co, has emphasised the need for individuals to take responsibility for relieving their own personal debt situation. A bank manager may be able to give consumers all the right financial advice, but it's up to the individual to follow it.

He added this advice on debt consolidation: "You could consolidate your debt with one loan thus reducing the monthly payments to make them more manageable and sit within your budget."