Debt A Growing Problem

With debt still growing at a rate of £1 million pounds every 5.3 minutes many people are struggling to make ends meet (source credit action July 2009). This is further compounded by a reduction in overtime to earn additional income and available equity or lending to consolidate debts.

Many people ignore their debts until the situation is too late leaving limited options to resolve their issues. This in turn has resulted in a significant increase in Bankruptcies and House repossessions (source CML). That is why it is important that intermediaries and brokers either advise clients to seek advice when they are unable to help them or offer them advice if they have access to a reputable debt solutions company.

Dale Kearns the MD of ClearStart Partnerships said, “I would encourage that intermediaries extend their service to include free access to debt solutions to ensure people are encouraged to seek help as soon as possible. That way we can reduce the need for repossession and bankruptcy which benefits the whole economy”.

Click here to visit the ClearStart Partnerships website.