Cheap borrowing and easy access to credit has helped Britain's personal debt mountain reach £1,345billion (Bank of England).
Rises in interest and mortgage rates, a surge in utility bills and the soaring cost of unsecured credit in the form of overdrafts, credit and store cards, instalment credit and mail order credit, means the collective debt now owed by British families is greater than the nation's gross domestic product. As a result, bankruptcies are at record levels and many households are facing serious problems repaying their debt.
If you are one of them, you may wish to consider releasing the equity in your house. This will enable you to settle your debts, with cash left over to help you get back on your feet. If you are struggling to make ends meet, or losing sleep over spiralling debt, Localhousebuyer can offer you a hassle-free and speedy solution.For further advice on debt problems, visit www.nationaldebtline.co.uk, www.cccs.co.uk (the Consumer Credit Counselling Service) or www.debtfreedirect.co.uk
