Tuesday, May 18, 2010
2011 figures will be worse still
Telegraph: Record debt enquiries at Citizens Advice
Citizens Advice Bureaux have dealt with a record number of consumers with debt problems over the last 12 months, according to its annual statistics.
The charity handled 2.37 million separate debt cases in the 12 months to the end of March, a 23 per cent increase on the year before. This equates to one in ten households contacting the Citizens Advice asking for help over their debts – though many individuals approached the charity on more than one occasion.
Posted by dill @ 12:38 AM (627 views) Add Comment
5 Comments
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1. alan said...
Sounds about right. One of my friends has a job there!!
Budgets seem to be a major issue.
2. str 2007 said...
This article is a little vague as to actually how many people are contacting Citizens Advice.
Is it 1 in 10 households AND some are contacting them several times.
Or is it showing as 1 in 10 households BECAUSE some are contacting them several times.
I notice one of the biggest areas is credit card debts, again they don't make it clear as to whether or not these credit card debts are so high because people have been using them to pay their mortgage or not.
I couldn't help noticing this add at the bottom of the page :-
Debts over £15,000
You could qualify for a Government Scheme to clear unaffordable debt
www.NationalDebtRelief.co.uk/IVA
Please tell me we're not as a nation we're not just writing off peoples debts.
3. jallan said...
Britain is a bad country for basic wages. Partly due to the CPI rate, the Con Price Index and the average wage, which is another con trick. The median wage is a true reflection of earnings, also I think the CPI and the RPI should be replaced with an EPI (Essentials Price Index). If inflation was calculated on rent, house prices, food, gas, electricity, travel, telephone, internet and TV licence. What would it be 20% - 25%. It is extremely difficult to fund the basics earning 6 pounds an hour with an annual increase of 4%. People used to earn a much better basic wage in this country; over the last 30 years due to the demise of the unions, cheap foreign labour and irresponsible lending, basic wages have plummeted. People have been turning to credit to compensate, now there will be wholesale bankruptcies. The Solution? Strick lending criteria in the future, this will bring down inflation, people should join unions if at all possible and pressurise the goverment about the cost of living. Apparently France is the best country in the world for quality of life. I advocate everything the French do apart from the violence. Internet campains are an extremely powerful way of getting things done, bank charges for example. Bankruptcies will be good for house prices.
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5. Crunchy said...
2. str 2007 said..."Please tell me we're not as a nation we're not just writing off peoples debts."
These are not being written off, they are being payed off rather 'quickly' in full by taxpayers across the world.
G'obalism, don't people just love the idea of funding their now much needed loans and their landlords house? Problem, reaction, solution?
It's all good, nothing wrong or dodgy here. A recovery in 6 months would spoil the innocent fun, I'm sure.