Prepaid cards could be an option for those currently seeking debt advice who still wish to travel abroad this year.
That is because the consumer can put a certain amount of money on the card before they travel and will not be able to spend any more once it has been used up, helping them avoid debt problems.
According to Kevin Harrington, managing director at Global Prepaid Exchange, which provides services to the growing prepaid sector, people can save lots of money on the exchange rate.
He said: "The exciting thing from a traveller's point of view is that, if you lose the card you can stop it and you're supplied with a free emergency card straight away."
Prepaid cards are also more convenient than traveller's cheques as the consumer could be eligible for discounts if they shop around for a good deal, Mr Harrington added.
The firm revealed on February 7th that 2011 will see innovations in payment methods taking off, such as prepaid cards.
Wed, 23 Feb 2011
Brits concerned about their debt problems, which have been accrued through borrowing on a credit card, may want to consider using a zero per cent balance transfer card... Tue, 22 Feb 2011
Around 430,000 students will be given a manual about how to manage their money and avoid debt problems in the process.
Finance charity Credit Action intends to give its guide on student finance to young people planning to attend university in the 2011/2012 school year.
The average student is expected to graduate with debts amounting to more than £23,000 so the charity has created a guide to inform youngsters about the financial support available, how to budget and how to save money.
This could help would-be students learn how to stay in control of their money and help them avoid debt problems while at university.
Joanna Parsley, associate director of Credit Action, said: "Getting this information and guidance into students' hands before they begin university is key as it allows them to prepare financially, so their university experience can get off to a smooth start."..
Mon, 21 Feb 2011Consumers living with debt problems may want to sign up for the broadband and phone package that Talk Talk is introducing... Fri, 18 Feb 2011
Couples that are going through financial difficulties and seeking debt advice need to be "open and honest" with one another...
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