Registered UK charity, the Debt Advice Foundation, which promotes research and education around debt issues, has launched a freephone hotline to help deal with the increasing demand for support from people struggling with debt and money worries. The telephone service, along with the new Debt Advice Foundation website launched on Monday 10 August 2009. It follows a 27.4% increase in the number of people turning to personal insolvency (IVA or bankruptcy) during April to June 2009 compared with the same period last year and reports that existing charities/agencies are struggling to cope with the increased demand for help.
The Citizens Advice Bureau alone receive an average of 7,241 new debt cases every working day and its debt enquiries are up 21% this year compared with 2008.
Chairman of the Debt Advice Foundation, Dennis Benson said: “As the recession bites, the number of people facing debt problems is rising, with personal insolvencies now at a record high. Traditional support servic…