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PPI Claim News - 15/3/2010

 
PPI: Debt charity turns away consumers 'too poor' for help

Over one-third of all consumers who contacted a UK debt charity last year had to be turned away as they were too poor to be helped, new research suggests.

Despite record numbers of people contacting the Consumer Credit Counselling Service (CCCS) in 2009, only one-quarter of those were able to enter a debt repayment plan or Individual Voluntary Arrangement.

It found that a large proportion of consumers were unable to meet their daily living costs, without taking into account money owed on credit cards, home loans, car loans and other personal borrowing.

That faced with increasing credit card charges, overdraft fees and late payment penalties, resulted in one-third of people having no access to a debt repayment plan.

According to the CCCS, the only advice it could give debt-ridden consumers was to try to limit their outgoings wherever possible and increase their personal income by carrying out overtime or taking in a lodger.

A report published earlier this year by Circle Anglia and authored by the Financial Inclusion Centre thinktank, found that increasing numbers of people have been forced to borrow money from illegal lenders as a result of poor finance.

For free advice on how to make a PPI ClaimPayment Protection Insurance claim or a credit card charges claim then call Belmont Thornton on 0845 526 0000 or fill in the Quick Claim form to be sent a free PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19668173-ADNFCR



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