Debt Fixers is changing!

Please be advised that as of 3rd October all future correspondence from us will be sent from our parent company Money Debt and Credit Ltd.

This in no way effects your debt management scheme with us and you don’t need to do a thing. We simply like to keep you up to date with our ever-growing organisation.

Debt Fixers is a trading name of Money Debt and Credit Ltd; so don’t worry, you are still dealing with the same helpful staff!

If you have questions, don’t hesitate to get in contact on 0800 7076108

Click here to redirect or you will be automatically redirected to the Money Debt and Credit website in 30 seconds

More people needing debt help than what figures suggest, claims organisation

More people needing debt help than what figures suggest, claims organisation

- Friday, 5 February 2010

Many more people are struggling to manage debt than what current statistics may indicate, according to one organisation.

Commenting on the latest figures that show record insolvency levels in 2009, trade body R3 claims that the statistics are just the "tip of the personal debt iceberg".

R3's research indicated that an additional one million people are struggling financially without seeking help, and a further half a million have contacted their creditors informally after struggling with their debts.

The number of people experiencing financial hardship is estimated to be around seven times the number of people in formal insolvency, claims the organisation.

President Peter Sargent said: "Even these record personal insolvencies are just the tip of a very worrying personal debt iceberg.

"What lies below the waterline is a much larger group who are sadly not facing up to their debt problems."

R3 was predicting personal insolvencies to rise to 127,191 in England and Wales during 2010, said Mr Sargent.

The Office for National Statistics has revealed that there were 35,574 individual insolvencies in England and Wales in the fourth quarter of 2009. This represented an increase of 24.9 per cent on the same period a year ago.ADNFCR-2300-ID-19600305-ADNFCR
Latest Debt Management Plan NewsDebt Management Plan News ArchiveContact us to discuss Debt Management PlansEmail this article to a friendSubscribe to our RSS Feed

Recent Debt Management Plan News

56% of Brits have no life insurance which could leave family with debt problems

Wed, 04 May 2011
More 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 2011
Consumers 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 2011
Consumers 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 2011
Couples-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...