Clear Start Says The UK`s Current Personal Debt Problem is Just the Tip of The Iceberg
Released on = May 4, 2006, 10:42 am
Press Release Author = Clear Start National Consumer Debt Service
Industry = Financial
Press Release Summary = According to Clear Start, the National Consumer Debt Service, the level of personal debt in the UK is not only growing at a frightening rate but is likely to continue to do so.
Press Release Body = According to Clear Start, the National Consumer Debt Service, the level of personal debt in the UK is not only growing at a frightening rate but is likely to continue to do so.
The country's debt levels are very alarming. Personal debt broke through the Ł1 trillion barrier in 2004 which was only seven years it after broke through the Ł500 billion barrier. The staggering debt growth rate is illustrated by the fact that personal debt has doubled in the nine years since Labour came to power in 1997.
And with bankruptcies reaching record levels in the last quarter of 2005 and consumer appetites for borrowing seeming to be insatiable, the consumer debt problem in the UK shows no sign of abating.
A spokesman for Clear Start said that,
"The rate at which consumer debt seems to be increasing is very worrying. However, it is good that more and more people are contacting Clear Start for impartial help and advice which is of course the first step in actually coming to terms with and clearing their debt problems".
Web Site = http://www.clearstart.org
Contact Details = 5th Floor, Horatio House 77 Fulham Palace Road Hammersmith London W6 8JA Tel: 0800 138 5445 Fax: +44 (20) 8237 9756
Printer
Friendly Format
Back
to previous page...
Back
to home page...
Submit
your press releases...
|