Debt & Bankruptcy Issues in the UK

Personal debt has risen drastically in the town of Bury St Edmunds in the last two years, according to the Citizens Advice Bureau.

In the last two years personal debt has increased in Bury St Edmunds, according to charity the Citizens Advice Bureau (CAB).

The amount of rent arrears in the area has increased by a full 100 per cent over the last two years to £24,251, reports the Bury Free Press.

A total of £2,286,000 of debts has been racked up by 135 people who have turned to CAB for help to manage their financial crises.

Janine Pinel of Bury CAB, told the newspaper: "I think it is going to keep increasing because of the market at the moment for consumer debt.

"The fact is that it is relatively easy to take on debt and there aren't any measures in place to prevent people getting into debt."

Tactics used by lenders to advertise loans are too "pushy" and "forward" Ms Pinel added.

According to the national statistics more people in England face the possibility of losing their home since the early 1990s.

A ban on advertising for loan offers was one tactic suggested by CAB to combat the rising tide of debt in Bury St Edmunds.

According to debt charity Credit Action, the total amount of credit lending to consumers in the UK in 2006 stood at £211.8 billion.