Money Debt & Credit: Turn around your finances
Find the debt solution that fits your needs. Call us free on 0800 16 999 46 for debt advice.

Complete the Debt Solution Wizard and find a Debt Solution for you

Our team of skilled debt advisors are specialists in IVAs, Debt Management, Trust Deeds, Secured Loans and Bankruptcy and will provide you with the most appropriate debt solution.
Full Name:

Telephone:
Email:
1st line of Address:
Postcode:
Total Unsecured Debt:
Are you a homeowner?
Show my results

Self-employed may benefit from debt management

- Tuesday, 2 February 2010

Debt management plans may help the increasing number of self-employed struggling with debt issues.

The Consumer Credit Counselling Service (CCCS) reports that there has been a surge in calls to its helpline over the last month from people running their own business.

The debt charity states that it received 739 calls from the self-employed in January, a 78 per cent increase from December, with 415 calls from the same sector of the workforce.

Commenting on the figures, CCCS helpline manager Laura Carver said: "We have received thousands of calls from self-employed and sole traders over the past year and heard a lot of stories of people struggling to manage their personal debts while running a business.

"But this spike shows that there is a growing and serious debt problem among self-employed people," she added.

The charity's helpline is reported to have received 6,596 calls from people who were self-employed between February 2009 and January 2010.

Meanwhile, new CCCS research reveals that many workers appear to be struggling with "recession depression".

The study found 23 per cent of businesses claim that the recession has affected employee stress levels, contributing to a rise in long term absence rates.ADNFCR-2258-ID-19592863-ADNFCR

Recent IVA News

Ofgem launches investigation into misselling of energy

Thu, 02 Sep 2010

IVAs could be an option if debt levels rise by 2015

Thu, 02 Sep 2010

EDF Energy bills to increase which may impact a debt management plan

Wed, 01 Sep 2010

Personal loans increasingly being used for home improvements

Tue, 31 Aug 2010

Growing financial pressures faced in retirement

Tue, 31 Aug 2010

Shopaholic women debt management plans as they rack up debts of £3,400

Fri, 27 Aug 2010

Latest Debt News Latest Debt News

Debt News Archive Debt News Archive

Debt Management Plan Information Debt Management Plan Information

Contact us for Debt Management Plan advice Contact us about Debt Management

Email this article to a friend Email this article to a friend

RSS Feed Subscribe to our RSS Feed

Bookmark or share this page Bookmark or share this page



Investor Relations | Privacy Policy | Contact Us | Careers | News Archive | Sitemap
© Money Debt and Credit Ltd 2010

Insolvency Practitioners at Money Debt and Credit Ltd act without any personal liability
Money Debt and Credit Ltd, Registered in England & Wales No.05588842. Registered Office: 45 Clarendon Road, Watford WD17 1SZ