But advances in technology mean obtaining required information is now relatively straightforward so how on earth can lenders still justify paying fees of 2.75% or more?

Consumer protection is paramount. Those lenders that continue to hide behind excuse that fees they pay impact only on their own profit and loss accounts are fooling nobody. In end it's client that pays.

It's a sorry state of affairs when a lender's only method of attracting business is to pay a high fee.

The sooner Financial Services Authority wakes up and takes a look at some of players in this often murky sector, better.

It's time for a change and we need it right NOW.

Their teams of expert and experienced credit counselors, who have wide knowledge in finance field, can help layperson better understand their credit situation and how to improve their financial standing.

The consumer credit counseling agent will first understand situation you are in. Then they will formulate ways in which you can save more money, become debt free and start on your way towards financial freedom.

These are just some of things consumer credit counseling services can do for you:

- They can teach you how to better manage your household expenses. - They can help you deal with harassing collectors. - They can teach you understand relevant financial issues surrounding your credit. - They can advise you on how to reduce your debt burden. - They can help you avoid situations where you may have to declare bankruptcy.

The counselors can work with you to create financial plans such as a savings and budget plan, and help you find ways to sticking to them. Comprehensive plans can lead you to better manage your cash inflows and outflows.

Taking some time for consumer credit counseling can help you get rid of your debt problems and start you on your way to a secure financial future.