CA calls for national financial advice network

The Consumers&#39 Association has welcomed new proposals on consumer credit by the Department of Trade and Industry, but warns that consumers in the red will face further misery if the government does not prioritise debt advice.

Mick McAteer, senior policy adviser, says: “With personal debt at record levels we are pleased to see proposals to improve credit laws.

“The most pressing task for the government is to establish a system of affordable financial advice to help consumers reduce their debt. A National Financial Advice Network would help to give consumers advice and help on a range of issues including debt.”