The UK has recently seen demand for debt guidance grow substantially, an expert has highlighted.
Liverpool John Moores University's Paul A Jones has pointed out a number of financial issues that have cropped up since the beginning of the economic downturn.
Mr Jones, a senior researcher at the university's Research Unit for Financial Inclusion, commented: "We have seen rises in mortgage arrears, rapid expansions in demand for debt advice, [and] personal insolvencies are rising."
People who are on lower levels of income may also be struggling to get credit in the current economic environment, Mr Jones went on to say.
As a result, he believes that efforts are still required to ensure that consumers can benefit from "affordable, accessible and appropriate financial services".
Mr Jones outlined his views during the recent Northern Money Conference in Liverpool, which saw the issue of financial inclusion focused on.
Posted by Gemma Walker.
