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Daily MailDebt-binge Britons stick £20million a day on credit cardsDaily Mail... risen to levels 'worryingly close to those seen around the financial crisis'. The Bank this week began a major review of lending practices in the UK and warned that the scramble to borrow ever-greater amounts of money was now a major risk to the ...Credit card borrowing rises at fastest rate in more than a decade sparking Bank of England fears of a new debt crisisThe Sunall 11 news articles »
Daily MailDebt-binge Britons stick £20million a day on credit cards: Plastic spending soars at fastest rate for 11 years ...Daily Mail... risen to levels 'worryingly close to those seen around the financial crisis'. The Bank this week began a major review of lending practices in the UK and warned that the scramble to borrow ever-greater amounts of money was now a major risk to the ...Credit card borrowing rises at fastest rate in more than a decade sparking Bank of England fears of a new debt crisisThe Sunall 10 news articles »
The SunCrackdown on contactless card flaw that means fraudsters can use credit and debit cards AFTER you've cancelledThe SunA FLAW with contactless bank cards that allows fraudsters to use cards months after they have been cancelled has still not been fixed. The banking regulator has agreed to tackle the shocking security flaw by ensuring that banks properly inform ...and more »
The SunCredit card borrowing rises at fastest rate in more than a decade sparking Bank of England fears of a new debt crisisThe SunSome £600million was piled on credit cards last month, with households owing £67.3billion, The Bank of England said. The rise pushed up the overall flow of consumer credit to £1.44billion in February. City analysts expected £1.3billion. The Bank's ...and more »
ForbesEvolution Of Money: From Kings With The 'Midas Touch' To E-Money AccountsForbesPrepaid credit cards, which do fit the definition of e-money, are currently very popular. They are loaded with a flexibly definable amount and can be used securely by consumers at all credit card acceptance points - both online and offline. ... EU ...
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Getting financial advice

It’s time to review your finances and make sure your money is working as hard for you as it possibly can. Somewhere out there are the right financial products for you but unless you have the mind of a forensic detective and understand the complexities of everything from insurance and pensions to hedge funds and derivatives get sound financial advice.

If you don’t already have someone in mind as an adviser one of the best ways to find someone good is to ask family, friends or colleagues for recommendations. You want someone who’s independent so that he or she can give you impartial advice about the whole range of products on offer. If you choose an adviser who isn’t independent they can only advise you on the products they work with. Some advisers specialise; if you want advice on pensions you might want and adviser who is a pensions specialist. Ask about the qualifications of anyone you are thinking of seeing.

The other question you have to ask is about how you pay for the service. You may choose an adviser to whom you pay fees upfront. Fees vary hugely so find out before you book your appointment. Try haggling to get the fees reduced if possible and ask for the first session to be free so that you get the chance to decide whether or not you have a rapport. The other option is an adviser who gets his or her fees through commission which you ultimately pay for because it’s added to the cost of the product you buy. Or you may pay for advice through a combination of the two.

Whoever you choose it’s helpful if you can build a lasting and trusting relationship which will make you both money for years to come. Remember that a financial plan made now needs to be reviewed frequently. What’s right for you in the current climate may not be right once the economy picks up again or if your circumstances change. The degree of risk you’re prepared to take with your savings and investments may be different when you’re single from when you’ve got a partner and children. Getting the right adviser is just the start of the process. 

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