Over the past 12 months,
credit card debt has caused difficulties for many of the country's consumers, according to one expert.
Credit Action's director Chris Tapp believes that the likes of cards and personal loans have proven to be more problematic than mortgages in recent times.
He stated: "Mortgages - which a couple of years ago were causing people a lot of trouble - because the interest is so low, have tended to be a little bit cheaper."
Meanwhile, the expert also took the time to discuss some of the factors that appear to be squeezing people's finances at the moment.
These include things like wage cuts and unemployment, Mr Tapp pointed out.
Figures published by the Insolvency Service have shown that this year's first quarter saw 35,682 personal insolvencies, across England and Wales alone.
Of these insolvencies, 18,256 are said to have been caused by bankruptcies.
Posted by Gemma Walker.
