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Citizens Advice calls for good debt management advice

The Citizens Advice Bureau has warned that the statistics revealed by the British Bank Association only prove further the need for good debt management advice.

The BBA revealed record highs in loans and mortgages in 2006, with predictions of further highs in 2007.

In 2006, Citizens Advice dealt with 1.4 million debt problems, an increase of 11% on the previous year.

Consumer credit debt was the biggest problem area, accounting for 824,000 enquiries.

But housing debt, including problems with mortgage, secured loans and rent arrears, was one of the fastest growing problem areas, up by 20% on the previous year.

Of the 127,000 housing debt problems brought to Citizens Advice, nearly 10,000 concerned threatened repossession and 2,000 concerned actual repossession or eviction.

Sue Edwards, senior policy officer of Citizens Advice, says: “The increase in loans and overdraft borrowing reflects the evidence from Citizen’s Advice that debt enquiries continue to rise in 2007.

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