Debt Advisers Direct is a trading style of Freeman Jones and part of the Think Money Group. We have over 15 years' experience helping people in debt and won numerous awards.
The recent credit crunch which hit the financial markets was an "unprecedented" event which could have major lasting events, a financial expert has claimed.
A number of consumers are having to seek professional debt advice after a tightening in the credit sector has put extra pressure on wallets across the UK.
The Finance and Leasing Association (FLA) has stated that people are having to "take stock" of their borrowing as a result of the credit crunch, with the Bank of England`s decision to cut interest rates designed to help consumers out.
Helen Saxon, spokesperson for the FLA, said: "It is possible that people who have adverse credit histories may find themselves in the `higher risk` category as lenders tighten their lending criteria."
The FLA is the principle representative of the asset, consumer and motor finance sector in the UK.
