CAB highlights local debt woes

The Citizens Advice bureaux (CAB) in Northampton has highlighted some of the financial woes being face by the hundreds of local people who approach its staff for debt advice.

According to the bureaux’s own estimate, the 900 most recent indebted visitors to its centre had a collective debt management burden worth in excess of £10 million.

Close to fifth of all people approaching the CAB for advice have been in search of help with their debts, but bosses at the bureaux are convinced that their problems only represent the “tip of the iceberg” with regards local financial difficulties.

Martin Lord, from the local CAB, told the Northampton Chronicle & Echo: “The anecdotal experience is that people’s debt is getting bigger.

“The number of clients approaching us has increased and the amount of debt is more than it used to be.”

On a national basis, the Citizens Advice charity has campaigned for more to be done by businesses and regulators to slowdown the rapidly increasing
debt management burden of people across the UK.