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Debt Management Plan fights fraud

26/07/2010

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Debt Management Plan fights fraud

Honest insurance customers may be forced to seek debt help and consider debt solutions such as a Debt Management Plan as fraudulent insurance claims push household bills ever higher.

According to the Association of British Insurers (ABI) the number of bogus claims rose by 14 per cent last year, totalling an astonishing £840 million worth of dishonest compensation attempts.

The ABI says that the increase in fake or exaggerated claims means that the honest majority are having to pay higher premiums to subsidise the minority.

If increasing bills are putting strain on your finances then maybe it's time to look at tackling your outstanding debt.

With a debt solution such as an IVA or Debt Management Plan you may be able to lower your monthly payments and take the stress out of debt.ADNFCR-3106-ID-19906758-ADNFCR

 

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