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Londoners` personal debt increases

1 July 2009

Financial advice partnership Capitalise has reported a sharp increase in the average level of debt amongst Londoners seeking debt advice, according to The Guardian.

Capitalise claimed that the average level of debt for people seeking debt advice has increased by 16% since January 2007, rising to £18,131.

A spokesperson for debt management company Gregory Pennington said: "In today`s difficult times, more and more people are experiencing problems with debt, and it`s important that anyone in this situation seeks debt advice as soon as possible. Hesitating to get help could allow the debt to grow, and this could make the problem a lot worse.

"There are a number of debt solutions available, and an expert debt adviser can help struggling borrowers to find the best way of tackling their debts."

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Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.

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