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Debt advice queries `up by 35%`

18/03/2008

Fears over rising debt issues has lead to a 35 per cent increase in the number of people looking for professional debt advice, new figures have revealed.

According to the results of a survey commissioned by the BBC, Citizens Advice saw the large increase in relation to increased mortgage repayments and rising debt problems during January and February this year.

Nearly a third of the 5.7 million new problems dealt with by staff at Citizens Advice bureaux between 2006 and 2007 concerned debt, making it the biggest single issue they faced.

Teresa Perchard, Citizens Advice director of policy, said: "It is a worrying trend that our bureaux are reporting very sharp increase in the number of mortgage arrears problems they are dealing with."

According to Credit Action, the total UK personal debt rises by £1 million every five minutes.

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