Credit card debtors should seek advice

By UK CreditCards.com

Debtors should seek adviceProfessional advice can help people who have run up debts through loans and credit cards, the Money Advice Trust (MAT) has said.

The organisation revealed that it dealt with 41,000 calls and enquiries in June, which suggests that the recession is still putting pressure on Britons.

According to Beccy Wilks, a spokeswoman for the charity, the timing of seeking advice is as important as the act of turning to specialists. She said that it is "vital" to seek help sooner rather than later and added that there are several aspects that people in debt should consider.

"When getting debt advice, you need to know about everything including the pros and cons," the representative suggested. This includes looking at all the available options of debt handling and considering what impact they will have.

Ms Wilks's comments come as figures from Credit Action reveal that the average household debt in the UK, excluding mortgages, is currently £9,240.
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Published: 7 August 2009