Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan charges: Consumer Focus welcomes proposed jam-jar accounts

Consumer Focus has given its strong support to government plans for financial products that could help benefits claimants to budget.

This could help some of the most vulnerable people in the UK avoid making loan claims, struggling with credit card charges and falling into unsustainable debts.

Ministers intend to have found providers to deliver the budgeting products before the roll-out of Universal Credit, which is scheduled to commence in October 2013.

Head of post offices at Consumer Focus Andy Burrows said research from the organisation has indicated there is a "significant need" for bank accounts that support budgeting.

He called these "jam-jar accounts" and suggested that they could help people deal with a "major change in how benefits are paid".

Without assistance, many benefit recipients could face "face real problems paying rent, utility bills and other essential payments", he noted, claiming two-thirds of people likely to suffer a negative impact as a result of the move to Universal Credit believe they would be better able to cope with a jam-jar account.

Jennifer Haines
Jennifer's speciality knowledge is credit card changes and balance transfersADNFCR-2776-ID-801454388-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide