ClearDebt casts doubt on government debt help plans

ClearDebt, the UK’s leading debt solution provider, today, Monday 15 March 2010, welcomed debt industry body, Debt Resolution Forum (DRF), criticism of new government backed plans to help people in debt.

ClearDebt, the UK’s leading debt solution provider, today, Monday 15 March 2010, welcomed debt industry body, Debt Resolution Forum (DRF), criticism of new government backed plans to help people in debt.

The plans, put together by the British Bankers Association (BBA), Consumer Credit Counselling Service (CCCS) and Citizens Advice (CitA), will give people who can’t pay a short-term window during which they need only repay the absolute minimum they can afford.

Commenting, ClearDebt CEO, David Mond, said:

This arrangement will help few and may hinder many. The fact is that most struggling debtors don’t have short term debt problems – ClearDebt believes that most of the 58,000 people who have sought our advice since 2005 have taken several years to get to the point where they have debts they can’t afford to repay and a further 12-18 months to get around to taking action. This new scheme will help a tiny number of people and then, only temporarily.

For further information contact  Andrew Smith

Tel. 0161 968 6825

Mobile. 07912 407 532

Twitter: @cleardebt @Andrew_F_Smith

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