Debt Consolidation – BBC and ITV Stars' Debt Warning
Debt consolidation loans and debt management solutions are increasingly in demand, but still there are many people struggling with debt who are not seeking financial help and advice. BBC and ITV stars are helping to raise awareness of the problems of debt.
Debt consolidation help
Liz Barclay, the BBC Radio 4 broadcaster and author has been highlighting the work of debt charities in the UK. Barclay once volunteered as a debt advisor and helped deal with the debt fall out from the property crash in the late 80s. Many believe that the need for debt consolidation loans, debt management plans and financial advice is now as great as it was then, thanks to the global credit crunch. Barclay has warned that she believes the UK economy is rapidly heading in the same downwards direction; she was quoted on the BBC website saying: “I believe we are going to see more and more people getting into difficulty with money problems. I predict that this year we will see some people going into negative equity.”
Economy slows: Debt problems hit home
Barclay believes that debt no longer has the stigma it once had, which means more and more of us are entering into it. But the social system of our country more or less forces people into debt from university fees to home ownership. It's no wonder so many people are searching out debt consolidation loans in response to the borrowing woes that the recent repossession figures show are growing. As Barclay added, “…the people in this country are in more debt than ever and as the economy slows down people are going to be hit with problems.”
Debt consolidation and the white collar tramp
Over at ITV, former news reader Ed Mitchell has become something of a cautionary tale on debt. Mitchell went from earning £100,000 a year to sleeping on a bench in Hove. He hit rock bottom as a result of spiralling debts and alcoholism. Without effective debt consolidation loans or debt management strategies, Mitchell ended up losing everything – his house, family, health and career. Mitchell appeared on a documentary with the aim of raising awareness of the growing number of ‘white collar tramps' – middle class professionals who are in financial crisis. Debt consolidation loans are not just aimed at those on the financial breadline, but at the huge number of UK consumers on high incomes who have overstretched their spending, leaving them financially vulnerable when misfortune hits. Debt is no respecter of class; it can affect everyone.
Speak to Kensington Finance for debt consolidation and debt management solutions.
Kensington Financial Management Consultants Ltd is a total finance solutions company helping people all over the UK. We speak financial sense. We will allocate you a friendly advisor who will chat through your current situation and formulate a plan for you without obligation. Let us work out a financial solution based on your individual circumstances. It's our aim to help everyone who contacts us. With debt solutions from debt management and IVAs, mortgages & re-mortgages, secured & unsecured loans and advice and information for debt consolidation, bankruptcy and Trust Deeds, we can help. It really is worthwhile giving us a call or applying online today for a confidential chat with one of our friendly advisors. Call FREE on: 0800 096 4409.