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People are becoming scared by their levels of debt partly due to the global economic situation, it has been suggested.
UK Insolvency Helpline Debt Advice Service representative Richard Sorsky noted that his organisation has seen a 40 per cent rise in the quantity of calls it has received in the first four months of the year compared to the same period in 2009.
In his view, this situation has been emphasised by the situation economic circumstances being seen in the US and Greece.
“They see Greece going into recession, they see America in recession and they’re now thinking ‘crikey, I’ve got to get help now, I really have to get help’,” remarked Mr Sorsky.
He explained that another reason why the enterprise has been dealing with more enquiries about debts is because more cases are being referred on by banks.
The comments were made in response to a survey by moneysupermarket.com, which found that 14 per cent of respondents regularly use credit cards to pay household bills.