Doing nothing ‘won’t help people get debt free’

People will struggle to get debt free if they do not take measures to combat the problem, an expert has said.

Chris Tapp, director at money education charity Credit Action, claimed that doing nothing is the worst course of action anybody could choose when in financial difficulty.

“Unfortunately that is what many people do, they put their heads in the sand and do nothing and hope things will get better,” he remarked.

Mr Tapp stated that there are two things people need to do if they are struggling with debt management – make sure the creditors are fully aware of the situation and obtain professional advice on the matter.

He said that in general people are not aware of the full range of options open to them to control debt and what their legal rights are, adding that consumer awareness is typically “extremely low” when it comes to this sector.

By Chris Trimble