ThinkMoney.com Recommends Early Action as Debt Problems Set to
on: August 7, 2008, 8:48 am
Release Author: Melanie Taylor
Release Summary: The ongoing credit crunch, and the possibility
of a recession, would indeed indicate that people with large debts
may struggle more than most in the coming months.
Release Body: Commenting on a recent survey by R3 (a leading professional
association for insolvency) suggesting that seven out of 10 insolvency
practitioners expect the number of people unable to keep up with
their debts to rise during the coming year, a spokesperson for
ThinkMoney.com advised people in debt to take early action and
seek expert debt advice.
ThinkMoney.com spokesperson said: “The
ongoing credit crunch, and the possibility of a recession, would
indeed indicate that people with large debts may struggle more
than most in the coming months.”
echoed the survey’s findings that debt has “become
a way of life” for many, and urged people to avoid unnecessary
consumer finance on goods such as electronics, and where possible,
continued: “It’s more important than ever to do what
you can to stop your debts growing. The larger your debts, the
longer it will take (and the more difficult it will be) to get
rid of them.
you think your debts are becoming unmanageable, it’s essential
you seek professional debt advice from an expert. They will be
able to discuss your situation and help decide which debt solution
is most suitable for you.”
added: “There are a number of debt solutions for people
with unmanageable debts - and each are better suited to different
situations. Speaking to an expert debt advisor will help you make
the right decision and make the process as straightforward as
are a financial solutions company based in Salford Quays, Manchester.
The company specialises in a range of financial services, including
mortgages, loans, debt help and advice (including debt management
plans, IVAs, and debt consolidation).
Details: Melanie Taylor
0845 056 6480
South Langworthy Road