Debt 'will remain a major issue for consumers'
26-01-10, 03:51
in
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Debt is still likely to affect a number of people in the near future, according to the chairman of the Consumer Credit Counselling Service (CCCS).
Malcolm Hurlston suggests that it will take time for the economic recovery to really take hold, in a development which might impact on those with credit card debt.
"There are still hundreds of thousands of people wondering how they are going to pay their bills over the next year," he commented.
Figures published by Mr Hurlston's organisation show that it saw a 25 per cent increase in the amount of consumers phoning up its helpline last year.
With the CCCS noting that public sector cuts could lead to more debt problems for some, Mr Hurlston claims that the country's ministers should continue to take into account the fact that people are facing difficulties.
Meanwhile, earlier in January, the CCCS's chairman noted that equity release can help older people with debt, when it is used appropriately.
Posted by Gemma Walker.
Malcolm Hurlston suggests that it will take time for the economic recovery to really take hold, in a development which might impact on those with credit card debt.
"There are still hundreds of thousands of people wondering how they are going to pay their bills over the next year," he commented.
Figures published by Mr Hurlston's organisation show that it saw a 25 per cent increase in the amount of consumers phoning up its helpline last year.
With the CCCS noting that public sector cuts could lead to more debt problems for some, Mr Hurlston claims that the country's ministers should continue to take into account the fact that people are facing difficulties.
Meanwhile, earlier in January, the CCCS's chairman noted that equity release can help older people with debt, when it is used appropriately.
Posted by Gemma Walker.
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