New service to replace poor debt advice

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News Archive > 2007 > Jan > 18
The government’s announcement to launch a free financial advice service to adults in the UK has got warm welcome. It is expected that the move will save people from getting poor financial advice.
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January 18, 2007 (Press Release) -- London (uk-direct-loans) 15 January 2007: As more and more people are procuring huge debts due to improper or poor financial advice, the UK government has made an announcement that it is going to launch a free financial advice service for the adults. This move of the government is welcomed by SG Wealth Management.

The company suggests that the proposal will help people save themselves from bad banking and the poor guidance of some of the independent financial advisers. The financial firm also states that it will go some way to preventing people from failing into "the quicksand of debt".

Executive director at SG Wealth Management, Neil Shillito, remarked that the truth was that most people just needed straightforward financial advice to get the basics right, like avoiding excessive borrowing, ensuring adequate financial protection is in place and making a start as soon as practicable on saving.

He expressed his hope that the UK's financial situation will be "much brighter" if the government scheme succeeds. In this connection, it may be mentioned that consumers can make their debt management easy by merging them into debt consolidation loans.

For additional information on the news that is the subject of this press (or for a copy, demo, or sample) contact webmaster or visit UK-Direct-Loans


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