18 August 2005
More and more people are looking for ways to tackle debt, it has emerged.
Bankruptcies are at record levels, and reports say that people are increasingly worried about debt and could be looking for loans to cover their situation.
Angus Council in Scotland has registered a 2,000 per cent increase in debt inquiries in the past 12 months.
Glennis Middleton Convener of the social work and health committee told the Press and Journal: "Good public information about our services helps users to make informed decisions, so it is important that we provide clear and consistent information in a variety of formats and make it as accessible as possible."
Meanwhile, the Telegraph reports that high street banks are being forced to set hundreds of millions of pounds aside to cover potential bad debts, as the number of people defaulting on their credit cards and personal loans spirals upwards.
The newspaper talked to a company that helps banks recover bad consumer debt, called TDX.
TDX told the Telegraph that debt had been democratised and was no longer the domain of low-income social demographic groups.
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