Numbers seeking debt advice soar - Democratic Underground

lovuian

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Mon Sep-10-07 10:33 PM
Original message

Numbers seeking debt advice soar

http://news.bbc.co.uk/2/hi/business/6987909.stm

The number of people seeking advice on how to meet their debts has hit record levels, the Citizens Advice Bureau (CAB) has warned.

The CAB said 1.7 million people sought debt counselling last year, up 20%. CAB is handling 6,600 debt enquiries a day.

Those with problems paying credit card bills and other unsecured loans accounted for 40% of all enquiries.

But CAB reported a "worrying" rise in the number of people struggling to meet day-to-day outgoings like phone bills.
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People are not making living wages

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Warpy

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Mon Sep-10-07 10:56 PM
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1. Most people haven't made living wages since 1969

but the advent of cheap credit kept them from bitching about it.

Now they have nothing to leverage cheap debt against and they're stuck with high rate plastic.

The frogs are noticing how hot that water's gotten. It's about bloody time.

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Thu Apr 25th 2024, 06:57 PM
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