Money strugglers told to seek help early - Gas and electricity - News - Moneyfacts

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Money strugglers told to seek help early

Money strugglers told to seek help early

Category: Gas and electricity

Updated: 12/10/2009
First Published: 12/10/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

People in financial difficulty have been urged to seek help sooner rather than later as Advice Week 2009 gets underway.

The recession has seen instances of repossession rise considerably, as homeowners struggle to keep up with mortgage repayments.

Meanwhile, many more are finding themselves caught up in a spiral of debt, with loans taken out while the supply of credit was cheap and easy beginning to catch up with people.

A consortium of advice agencies say they have all seen an increase in enquiries as a result of the recession, particularly in the fields of debt, employment, housing and benefits entitlements.

Fuel poverty is also said to be an increasing problem, while just last week it was announced that gas and electricity bills could rise by up to another 60% over the next seven years.

"Many people are often surprised at the level of help they can get for free from our impartial agencies and the earlier on an issue is identified, the easier it is to resolve," said David Harker, chief executive of Citizens Advice.

"Even people at crisis point - for example, people facing a court hearing for repossession of their home - can find their situation swiftly improved if they seek advice."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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