The Money Advice Trust (MAT) has stated that nearly a quarter of UK Adults are constantly struggling to manage their debts and has predicted a surge in debt advice.The Money Advice Trust (MAT) said around 10 million people, roughly 20% of the UK adult population, were finding it hard to manage their debts.
This comes on the back of a rise in the amount of people seeking help from free debt advice agencies to 1.54million in 2011, up from 1.4million in 2010.
MAT also warned that there was a far larger ‘latent’ demand for help, estimating that 2.5m individuals in arrears on at least one consumer credit product, household bill or payment.
Joanna Elson OBE, chief executive of the Money Advice Trust, said: “With unemployment rising and wage growth relatively flat, whilst prices are going up, day-to-day living will take up more and more of your money, which can make it hard to pay the bills.
“Our research shows people are going to extreme lengths to get on top of their finances, with some selling treasured items, such as jewellery, cars and even pets, just to make ends meet.”
The research, carried out by the University of Nottingham for the Money Advice Trust, is an update on previous work forecasting demand for debt advice in the UK.
Might be of interest:
demand_capacity_and_need_for_debt_advice_in_the_uk_update_december_2011
J Danforth Quayle: “We’re going to have the best-educated American people in the world.”
aloha http://www.amril.co.uk blogger discovered your site via yahoo but it was hard to find and I see you could have more visitors because there are not so many comments yet. I have found website which offer to dramatically increase traffic to your site http://xrumerservice.org they claim they managed to get close to 1000 visitors/day using their services you could also get lot more targeted traffic from search engines as you have now. I used their services and got significantly more visitors to my blog. Hope this helps
They offer most cost effective backlinks Take care. Jason
A pity, but I disagree with this information. I actually do get pleasure from your specific blog still and will continue to keep moving back for posts.
btw, posey should never have skipped aa.pcl numbers are all inflated thanks to the hitters parks
Thanks Kim
Enjoyed reading this, very good stuff, thanks .
Good morning, thx for the blog post
Hello! Just want to say thank you for this interesting article! =) Peace, Joy.
Amazing website, I really enjoyed your post.
Great work dude, u gave nice post to us. Thanks for spending the time to discuss this, I feel strongly about it and love learning more on this topic.