More Debt Counselling Shows Increase In Debt Problems

March 19, 2010 - PRLog -- London(Ask4debtconsolidation) : According to the recent reports provided by the Consumer Credit Counselling Services, the total figure of debt related calls has reached 335,000, with an increase of 25% in the year 2009.

There has been a buzz that the section of debt advisory services is finally gaining some attention but, if one sees deep into the matter, he would get to know that only 25% of help seekers are showing the potential of repaying the debts.

The situation coming out of the dark economic scenario is pushing most of the individuals under the debt pressure and this can be seen in the recent reports.

In relation to these debt troubles, the Consumer Credit Counselling is ready to launch a new repayment pattern in coming days. With this new kind of repayment method, an individual with at least two unsecured debts would be authorised to maintain the constant outgoings by paying only one pound a month for six months.

The new policy is determined by the entity to ensure a big time period with consumers which they can utilise for reorganising their assets.

With the new six months plan, the borrowers are expected to gain a lot of assistance from government's side, and those who are looking to go for bankruptcy and IVAs would get the time to take right decision for themselves.

The downfall has hit a lot of earning individuals in UK, and its also been noted that the impact of this heavy recession will prevail in the market in the future also, despite of the fact that the economy is moving on right track or not.

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