Government launches debt advice campaign

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