Debt problems decline for first time in two years?
Debt problems decline for first time in two years?
- Wednesday, 1 September 2010 The Citizen's Advice Bureau has announced that the number of cases relating to
debt problems it dealt with from April to June declined for the first time in two years.
However, the charity also found that the number of consumers seeking advice about which debts to pay off first and which ones have the most severe consequences if they are left unpaid have increased.
Water supply debts rose by 18 per cent in the period of April to June this year compared to the same three months last year.
The money owed to private landlords as rent arrears also increased by 18 per cent, while council tax arrears and telephone debt grew by seven per cent.
Gillian Guy, chief executive at Citizen's Advice, said: "Recent budget measures will have a significant impact on vulnerable households … we expect to see a new wave of people seeking advice about job loss and related benefits and the impact this has on their ability to repay debt."
In June this year, chancellor George Osborne announced in his emergency Budget that benefits would be cut by £11 billion a year, which could affect the ability of some households to pay their bills.

Recent Debt Management Plan News
56% of Brits have no life insurance which could leave family with debt problems
Wed, 04 May 2011More than half of UK adults currently have no life insurance cover, which could mean their loved ones are left with
debt problems when they die...
Brits thinking about retirement advised to seek debt advice
Tue, 03 May 2011Consumers considering their retirement options have been advised to seek professional advice, as they may end up with
debt problems in the future...
Brits planning to attend a wedding should start saving to avoid debt problems
Thu, 28 Apr 2011Consumers concerned about getting into
credit card debt to pay to attend a wedding may want to use their savings instead...
Couples planning their big day can avoid debt problems by negotiating a cheap wedding
Wed, 27 Apr 2011Couples-to-be worried about needing
debt advice in the future after paying for a wedding can ensure they avoid accruing
debt problems by negotiating a cheap wedding...