Sunday, Dec 10, 2006

The UKs debt epidemic: Debt councillors are urging consumers to think first!

Free Help Advice: The UKs debt epidemic: Debt councillors are urging consumers to think first!

Consumers urged to be more responsible with their credit cards and unsecured personal loans

With Christmas just around the corner, debt councillors are urging consumers to be more responsible while using their credit cards and unsecured personal loans. Britons are expected to add millions of pounds to their debts, over Christmas this year.

With many towns like Crewe and Nantwich experiencing soaring levels of personal debts, Citizens Advice Bureau (CAB) has warned of the consequences of the mounting debts. Paul Nichols, manager of the Crewe and Nantwich CAB, said that helping people with debts has always been an important part of the CABs services, but the number of debt inquiries has been increasing steadily over the last few years. He said that the number of debt inquiries at Crewe and Nantwich CABs office increased by 42% during the period April to October 2006, when compared to the corresponding period last year. According to him, personal loans and credit cards continue to be the most common type of debts, but the number of clients struggling with secured loans has also increased substantially.

Posted by matt @ 04:21 PM (527 views)
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1 Comment

1. the bald man said...

Keep borrowing so Gordan can get his new job! (and keep taxing you)

Monday, December 11, 2006 10:28AM Report Comment
 

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