Spendometer Budget & Personal Spending Consumer Credit Counselling Service Credit Action Moneybasics

Creditaction, it appears, has launched, or is involved with Moneybasics in the launch and 'publicity' of Spendometer, a new tool that alerts to mobile phone if you spend over budget. Quite what the relationship structure is we do not yet know

Call us sceptics by all means but budgeting ones money on pay day then entering separate allocated amounts to ones mobile and then, yes there is more, every time you spend a penny in put that to your mobile just to receive a Spend Alert.......will only be carried out by those people who already budget

Also we are sceptical of the purposes - attraction tool to other services springs to mind

Supported by, amongst others, GE Money raises suspicion though we do not wish to nor intend to slander or libel but....................... it is GE Money that runs the majority of Store Cards ...... you know, Dorothy Perkins, Debenhams and House of Fraser or is it Rackhams types of cards that so very many families and mum's depend on for teen clothes or school uniforms

Seems okay so far but................... even back in 1998/99/2000 as bank rates began to fall here and there from 7.5% GE Capital did not (certainly not noticeably) reduce the rates charged on these cards ....... and it seemed, though this is not yet a sound allegation, that rates were not reduced, or by not very much, even when bank rates fell from said 7.5% of Jan 98 to 3.5% of July 2003 or so it seemed at the time, and seems the same right now - maybe GE Capital will protest and provide the figures to argue against us

So why is this relevant?

What, a purported advice line, budget 'we care about you' service being supported by this 'lender' in particular rings alarm bells about motive if nothing else, why there is even a link to GE Money on the moneybasics.co.uk web site!

CCCS Consumer Credit Counselling Service - are they aware of or interested in the nature of any association?

Credit Action, does the GE Money association not bother them at all? Are all of these supporters related?

What about Advice UK or Gingerbread, does this either not matter to them or are they simply naive as to the methods of GE Money - it was after all GE Capital or similar faction that bought FNB the home improvement finance tool for double glazing and other firms and then they bought up I-Group the 'we lend to anyone' firm