Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan charges: Self-employed less able to repay debt

Debtors who are self-employed are less able to repay what they owe compared with those who work for other people.

That is according to research by leading debt charity Consumer Credit Counselling Service (CCCS), which revealed that its specialist Self-Employed Centre helped over 10,000 people deal with their debts last year.

Of those helped, only 17 per cent were recommended a debt management plan, a figure is markedly less than the average of 27 per cent for CCCS clients overall.

Geoff Waugh, head of the CCCS Self-Employed Centre, comments: "The problem for most self-employed people who seek our help with their debts is that they have very low income levels.

"Not only are a large proportion not earning enough to repay what they owe, a significant number don't earn enough to cover the cost of day-to-day living."

The CCCS suggest that part of the problem is that a large number of people decided to set up their own businesses in the past few years after being made redundant.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.
 ADNFCR-2776-ID-800337930-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide