Debt help demand growing

According to the National Debtline, rise in demand for debt advice is mirroring Britain’s mounting financial problems.

“Most people’s finances are in quite a parlous state by the time they get to us. It’s not uncommon for a caller to have unsecured debt of between £20,000 and £30,000,” the firm’s chief executive Paul Mullins said in the Mail on Sunday.

“The rise in demand for our service clearly reflects the growing level of debt out there.”

Debt advice is available from a number of sources and can give consumers information on Individual Voluntary Arrangements (IVAs) and other debt solutions.

While a rise in consumers seeking debt help is a sign that people want to tackle the problem, last month MoneyExpert warned that consumers should only seek quality financial websites for advice and comparisons.

A rise in demand for debt advice comes as several experts urge consumers to seek professional help.