Dumfries and Galloway Scottish Debt Misery Reported

Industry: Finance

A report by Citizens Advice Scotland has shown that Dumfries in Galloway has a Scottish debt misery to the value of £27,927,166 compared to £26,448,693 the previous year. A 5% increase.

Glasgow, United Kingdom (PRUnderground) December 13th, 2011

A report by Citizens Advice Scotland has shown that Dumfries in Galloway has a Scottish debt misery to the value of £27,927,166 compared to £26,448,693 the previous year. A 5% increase.

Dumfries and Galloway CAS, which has four offices in the areas of Dumfries, Annan, Stranraer and Castle Douglas, also has outreach services in other towns in the region.

Trust Deed Scotland, a leading introducer of Protected Trust Deeds and ethical advice, recently reported on an increased number of individuals seeking Scottish Debt Help from CAS.

Sue Irving, the Chief Exec of D&G CAS on releasing the news, was quoted as saying “These figures show just how many local people are drowning in debt. Peoples’ incomes just can’t keep up with the rising cost of living, so people are turning to credit in order to get through the week, and that often means doorstep credit, loan sharks or pay-day loans.

These may look attractive on TV ads but these short-term high-interest loans are a gateway to misery. We see it every day in all our CAB offices locally. And these figures show that the problem is getting worse.”

Recently, with the closure of Citizen Advice Bureaux across the UK, it has been reported in England that some unscrupulous firms are now taking advantage of the closures by cold calling individuals and pretending to be from CAB.

A spokesman for Trust Deed Scotland advised “We sound like a broken record sometimes but we must continue to insist that closures to Bureaux and reduced spending elsewhere is pushing people who are often vulnerable and in need of urgent help right into the hands of sales driven lead generation companies.

These organisations are more concerned about their own financial gains than that of the people who have elected for them to represent them financially.”

As December is traditionally a tough month for Scottish households with increased energy bills and the added expense of Christmas, D&G CAS have released ten top tips for a debt-free Christmas.

Trust Deed Scotland offers free ethical debt advice on the pros and cons of protected trust deeds, debt arrangement schemes and you can reach an experienced money advisor on 0141 221 0999.

About

Become a Fan

Press Contact

Name
Jon Paul Kelly
Phone
0141 221 0999
Email
Website

Image Gallery

Website