Consumers are spending more than 40% of their disposable income on repaying debt, survey shows
Consumers can get their lives back after going under debt review although the process is not easy
Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living
An increasing number of inquiries for debt counselling are from first-time home and car buyers who took advantage of low interest rates during Covid-19
Most respondents to a DebtBusters survey are anxious or uneasy about the state of their finances
Over the festive season and into the New Year, debt counsellors DebtBusters has seen a doubling of enquiries compared to the same period last year.
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/ 25 January 2011
Taking on more credit spells trouble in more ways than one.
Over 11 million consumers are struggling with their debt repayments.