Friday, October 10, 2008

Number seeking arrears advice soars

The number of people seeking help after falling behind with their mortgage has soared by more than 50% during the past year, figures have showed.

Charity Citizens Advice said it had seen a 51% surge in people contacting it because they were in arrears on their mortgage or a secured loan during the three months to the end of September, compared with the same period last year.

There was also a 10% jump in people contacting it because they were unable to keep up with payments on their fuel bills.

Overall during the past 12 months, staff in bureaux in England and Wales have seen a 35% rise in people with mortgage and secured loan arrears problems, receiving 77,324 new enquiries since October last year.

But the charity said there had been a small reduction in the number of people contacting it because they were struggling with unsecured debts, such as credit, store and charge cards and unsecured loans

More details at :
http://www.thisislondon.co.uk/standard/article-23570873-details/Number+seeking+arrears+advice+soars/article.do

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