Debt Local Responds To Pub Trade Debt Crisis

April 23, 2012 - PRLog -- Online debt management experts Debt Local are anticipating a rise in clients seeking debt management services, following the news that 50 local pubs are closing in the UK every week.

•   Figures released by corporate insolvency specialists Begbies Traynor last week show a 95% increase in pubs which are facing “critical” financial problems, suggesting a fall in the number of locals using pubs and customer levels overall

•   Begbies Traynor said consumption was down in pubs by 57 million pints in the first quarter of 2012 and increased duty levels had also impacted on the pub trade

•   Begbies Traynor defines “critical” debt levels as pubs with £5,000 or more of debt involving CCJs (County Court Judgments).

The harsh knock-on effect the current financial constrictions are having on the pub trade illustrates how much consumers are cutting back – and how individual debt may be taking its toll on communities and local businesses struggling to make a living in those communities.

Debt Local offers a unique debt management solution to clients struggling to manage debt because our debt specialists not only offer advice tailored to individual circumstances – but also will advise on suitable debt management arrangements, even if Debt Local cannot provide clients with the arrangement directly.

This means our clients receive the best, unbiased advice for their debt management problems.

Debt Local’s own business has been built on its reputation and word-of-mouth recommendations, rather than aggressive marketing campaigns involving colds calls or unsolicited emails.

Debt Local prides itself on offering the best debt counselling advice and debt management solutions, including IVAs, Debt Consolidations, Debt Relief Orders and as a last resort to debt management, Bankruptcy.

Contact:
Debt Local: CALL 0800 044 5659 or text HELP to 63333
http://www.debtlocal.co.uk/