Consumers are spending more than 40% of their disposable income on repaying debt, survey shows
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Consumers can get their lives back after going under debt review although the process is not easy
Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living
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An increasing number of inquiries for debt counselling are from first-time home and car buyers who took advantage of low interest rates during Covid-19
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Most respondents to a DebtBusters survey are anxious or uneasy about the state of their finances
Over the festive season and into the New Year, debt counsellors DebtBusters has seen a doubling of enquiries compared to the same period last year.
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/ 25 January 2011
Taking on more credit spells trouble in more ways than one.
Over 11 million consumers are struggling with their debt repayments.