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Loan claims: Number of debtors 'likely to rise'

People could fall even further behind on bank charges and find themselves having to make additional loan claims in the next few years, statements from an expert have indicated.

CashQuestions.com editor Annie Shaw suggested that some people are "seeing their debts rise" as a result of the growing cost of living.

"There are people who really can't help their debts," she argued.

Previously, the expert claimed old people could be more likely to suffer from inflation than the young.

However, the specialist pointed out that some other men and women are attempting to reduce their debt burden, such as by paying their credit card claims off and ensuring they do not borrow any money.

Many members of the public are reluctant to take on additional debts, she remarked, pointing out this might cause "quite a divide in society".

In the past, people would have been willing to have made a loan claim so they could buy items or go on holiday, but are now "afraid of it", Ms Shaw stated.

Charles Baker
Charles is a reputed financial analyst with decades of experience under his beltADNFCR-2776-ID-801437260-ADNFCR



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