More Men Seeking Debt Advice

Posted on : 02-08-2010 | By : Steve Anderson | In : Debt Consolidation Business Articles

Tags: Advice, Debt Advice, Seeking Debt, Seeking Debt Advice

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New research has shown that the number of men seeking debt advice from a debt charity has leaped by more than 50% over the past three years.

The research conducted by the Consumer Credit Counselling Service (CCCS) said that the upwards trend was attributed to higher household costs, rising unemployment and a lack of pay increases.

The CCCS said that although men tend to have lower debts than women, including loans, credit cards and mortgages, they were less likely to be able to keep up with repayments and that many men were now struggling to meet their basic living costs.

Chairman of the CCCS, Malcolm Hurlston, said: “Men have been hard hit by the recession and are emerging as the new underclass.

“Debt alone is no longer the problem. It is loss of income and other rising costs. This deterioration in the economic circumstances for men, still the main breadwinner in most homes, has serious implications for many households.”

The number of men contacting the debt charity leapt up to 221,000 last year, a 51% increase from thr previous year’s levels of 146,000. Men owe

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When In Debt Seek Debt Advice

Posted on : 02-08-2010 | By : Steve Anderson | In : Debt Consolidation Business Articles

Tags: Advice, Debt Advice

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debt advice is very important. When struggling with debt you must always get help from an expert..  Some people who are struggling with debt try to ignore their debt problem.Do not hope as some do.

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CCCS concern at increase in debt advice requests

Posted on : 02-08-2010 | By : Steve Anderson | In : Debt Consolidation Business Articles

Tags: Advice, Debt Advice

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The Consumer Credit Counselling Service (CCCS) has expressed concern after a 22% increase in the number of calls from Scotland to its debt advice hotline.

The increase in calls was met with surprise by the CCCS, whose own research claims that prudent Scots tend to have fewer bankruptcy recommendations than elsewhere in the UK.

Liz McVey, manager of CCCS Scotland, said: “The rise in people from Scotland seeking help with their debts in the past six months is very worrying.”

It’s thought that much of the increase can be attributed to the after-effects of an economic recession which saw two of Scotland’s biggest employers, RBS and HBOS, nationalised, with the latter being taken over by the Lloyds Banking Group.

Fears over public sector cuts may also be behind the increase, with more than 25% of Scotland’s 2.472m strong workforce employed in the public sector.