Serious debts need direct action

A debt advisory company is advising consumers whose debts have reached unsustainable levels they must take serious action before the problem escalates.

Consolidation firm debtadvisersdirect.co.uk claims people with significant money problems should seek advice from a professional who can discuss the various options available to help manage the problem.

A spokesperson for the company said those with financial difficulties which have become unsustainable should take steps to organise their repayments and work towards a solution.

“Once someone’s debts have reached a point where their income simply won’t stretch far enough, it’s imperative they take more direct action as soon as possible, whether that means a debt management plan, a debt consolidation loan or a different debt solution,” the representative said.

New figures from the Chiltern Debt Monitor have revealed people in debt can only afford to pay a quarter of it each month, however consumers owe on average £1,274 less than they did in August last year, falling from £26,662 to £25,388.

This entry was posted on 11/07/2008 at 12:38 pm and is filed under Debt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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