Debt Health Check from the FSA

fagun

[This isn't the place to put this (as everyone here should already know they've got a debt problem to manage), but couldn't find anywhere else to post it. Please move it to wherever you think appropriate]

A new debt health tool jointly developed by the FSA, BBC and Experian:
http://www.fsa.gov.uk/consumer/debt_test/

bluekp

Thanks for this post - I've given it a go and it says I haven't got too much to worry about but should make sure I review my finances regularly - excellent advice!

Thanks again :T

micheleen

It's complete rubbish, I said I'm a homeowner with no mortgage and no credit repayments but with lots of money left over each month.
'I may want to review my borrowing before taking on any more loans'
I didn't have any borrowing (no repayments).
Who thought up this simplistic crap ?

Alleycat

Have to admit it was slightly off the mark with me as well. They said we were spiralling out of control or something, whereas although we have debts, we have a handle on them and are making overpayments as we can now afford to!

fagun

Oh dear - why don't you send some feedback on the tool to the FSA. If it doesn't work they'd love to hear from you.