The government has launched a debt advice campaign, urging those in debt to seek independent advice and not ignore problem debts.
Consumer debt, including mortgages has now reached £906 billion. According to the Office of Fair Trading one in four people use credit to pay household bills and meet day-to-day expenses, and 23 per cent do not know how much they owe.
The OFT has produced a debt guide for consumers, “In debt?
Help yourself out”, available from OFT, PO Box 366, Hayes UB3
1XB
www.oft.gov.uk/Consumer/Debt/default.htm
